Stock Market Analysis – 06-02-2008

June 2, 2008 at 10:30 pm · Filed Under Broader Market 

SPY Daily Chart

Hitting the correction before the high from 2 waves ago isn’t a good sign, nor is the downwards turn of the lows.  The news of the day was the management shakeups at Wachovia and WaMu, but the bank woes shouldn’t be surprising at this point.  Three more weeks until the fed meeting…

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