The expected rally discussed last week has reached it’s initial objective. We may see a little further upside today, as we are going into the US holiday weekend that kicks off the summer season. If today is similar to most days-before-the-holiday-weekend, we will see an upside bias, lower overall activity on the day, and significantly lowered activity in the afternoon. After all, everyone takes off early for the big weekend, and we will too.
Have a great holiday weekend!
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