Play for Monday, June 15th

Again this week I will maintain a cautious stance to start with: small trades, humble profit taking and conservative stop losses. Let's see if we finally break out of this range.

Look out for the wedge below, and thus strength above the 4410s and weakness below the 4470s. Intraday momentum is looking down, and daily is looking down too at the moment. Look at the weekend wrap up for further analysis.