An Update From Bill Strazzullo

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The markets are getting close to the levels Mr. Strazzullo from Bell Curve Trading talked about in this video at the end of May.  He said at that time he was expecting a tradable bounce from there.  At this point his prediction would seem to be supported by the technicals.  I think the key term he used was tradable bounce.  Given the situation in Europe as we make our way into the summer season, I see no catalyst to turn the markets around and reverse our overall downward trend in a significant way.  There is only so much the U.S. Federal Reserve can do between now and the U.S. elections coming this fall.

Where do you think we will go from here?