The Box has had a quiet June finding only ten with-the-trend set-ups so far this month. It also has found 17 countertrend ideas, which I encourage subscribers to ignore. Nevetheless, I think it’s always good to pay attention to all the ideas, especially when they fail.

Last Friday the Box suggested getting short two Energy sector stocks (PDE and FTI). Both ideas were deeply countertrend and were ignored by subscribers, but the fact that both trades triggered and failed is useful information, I think.

It leads me to expect that Crude will break out of this range on the high side. (Coin toss?)