Forecast for week June 27th 2011 ( $SPX $SPY $ES_F $NQ_F $DAX $CAC40 $EURUSD $6E_F) :

▲Last week we wrote :
Indices are forming a bullish wedge approaching the lower level of the main bullish channel (green). We should have a little technical bounce at the minimum. A walk below 1240 on S&P500 would be very bearish.
Last year, June was similar and indices rallied in July. I bet on a similar scenario.
$SOL bounced nicely. I just don't understand $DANG. They doubled their contacts, have a nice service. With 30% short interest, short squeeze could be enormous. Still in $GMXR and $URA. On European side our favorite stocks are AF, NYR, SOI, SIPH and WHEAT tracker. Our 2 big losers still sleeping : QEC and NICOX.
$EURUSD still in his triangle. I still think we could go to 1.38, but not much lower. Greece needs 110 billions. USA needs 110 billions....each month !