Look Ahead: July-September

The bigger picture outlook from the monthly MMI vs S&P 500 charts below is a bottoming period for July-August, and turning up in August-September.  There is currently nothing definitive confirming a low is already in place, although it is possible.  The latest daily sentiment data is consistent with the somber turn in mood that is found as a change in trend approaches. 

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."