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About Bo Yoder
Beginning his full-time trading career in 1997, Bo is a professional trader, two-time author, and consultant to the financial industry on matters of market analysis, and edge optimization.

A partner at Market Forecasting Academy, Bo has been a featured speaker internationally for decades and has developed a reputation for trading live in front of an audience as a real-time example of what it is like to trade for a living.

In addition to his two books for McGraw-Hill, Mastering Futures Trading, and Optimize Your Trading Edge (translated into German and Japanese), Bo has written articles published in top publications such as TheStreet.com, Technical Analysis of Stocks & Commodities, Trader’s, Active Trader Magazine and Forbes to name a few.

Bo currently spends his time with his wife and son in the great state of Maine where he trades, researches behavioral economics, and is a passionate sailboat racer.

He has an MBA from The Boston University School of Management.
Market Forecast For The Week Of 6/4/2021
Written By Bo Yoder, Published 6/4/21
The S&P 500 (ETF:SPY)

The S&P 500, (analyzed here using the ETF:SPY has done pretty much what I posted in last week’s column….

“I suspect we will see a bullish whipsaw before any retest of the range lows can occur.”

This breakout isn’t well sponsored, so I would expect it to break out and then fail back down to the bearish side. 

I’m still not seeing the kinds of odds that I want in order to put on much new risk this week. I have one new opportunity to look at, but other than that I am still in a “risk off” posture.
ELECTRONIC ARTS (EA)

Electronic Arts (EA) was on strict probation last week and failed to prove that it should be kept alive. 

The scratch saved over $2 in additional risk.
CSX Corp (CSX)

CSX has hit a powerful area of resistance after a multi-month rally. It has recently rallied into an area that is turning price down for a new bearish wave of selling. 

It offers an attractive opportunity in a very so-so market, and should be able to drop down to test the green target zone in the weeks to come.
GOLD (ETF:GLD)

Gold (analyzed here using the ETF:GLD) has been a shining star in a sea of waffling and sideways chop.

As I stated in last week’s forecast, the correction is starting, and normally I’d hold on. 

However, the big gap down that we saw this week really “took the starch” out of the bulls and should produce a deeper and more violent correction.

It’s time to take profits and start watching this market for another entry opportunity in the future.
EURODOLLAR VS US DOLLAR (EUR/USD)

Another week….yet ANOTHER “tail” formed on the weekly chart of the EUR/USD currency pair.

While it is still possible this market will drop down to the profit target, the odds have dropped radically. 

 The “risk off” theme continues as this trade is scratched and we wait for better places to deploy capital.
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