Market on fire!
New daily highs, next target 50ma at 2717, support @ 2702 and 2690
Posted 28 June 2018 - 12:56 PM
Market on fire!
New daily highs, next target 50ma at 2717, support @ 2702 and 2690
Posted 28 June 2018 - 01:19 PM
I see a potential ST bottom here today.
Posted 28 June 2018 - 03:29 PM
Yeah, that was a strong bounce off SPX 2692.
This rally **MAY** last until the July 4 positive seasonality period ends but one feels there is significant more downside during the next few weeks.
Posted 28 June 2018 - 03:53 PM
Posted 28 June 2018 - 04:38 PM
Extra selling pressure the next few days...
http://www.wsj.com/m...-moneyflow.html
Mark It On Your Calendars
I was surprised to find that government bonds can mature on a weekend. I don’t trade a lot of cash US treasuries and didn’t realize they can mature on a non-business day.
This means that this month’s QT maturity day effect will occur on Monday - not Friday’s month end.
So mark it in your calendars - Monday July 2nd spooz should trade heavy if this QT theory holds true.
https://www.zerohedg...-your-calendars
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Posted 28 June 2018 - 05:08 PM