Wed June 28th – Buy The Dip?

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Buy the dip?  I would say that one might want to be careful when choosing where or when to enter this time.

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SPX - It is day 27 and there is time to drop further, but we are also due for an ICL (overdue), so this could drop even further than many expect in my opinion.

QQQ - Yesterday I pointed out the MACD on the QQQ  ( Nasdaq too) . This looked ready to drop.

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Tuesday June 27th

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In the last few reports I have been discussing a good number of  bullish  trade set ups  that have been forming after sell offs and consolidation periods.   In some areas, the entire sector seems to be reacting.  We will continue that discussion today.

 

SPX FROM JUNE 23 - The bulls and bears are battling, but this looks like a topping process.  We are due for a correction in the general markets.

QQQ - Monday saw a bit of a bearish reversal in the Q's, and that MACD is not showing signs of strength.

I discussed in the weekend report that we are due for a steeper pull back into an ICL, and...

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Weekend Report June 25 – Perking Up

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We  have seen an increase in trade set  ups and patterns following through the past couple of weeks, and it actually looks like this may continue for a while.  Let's review the markets and then we can discuss that...

SPX - Fridays report - We could dip down and back test the break out.

 

SPX - We do have a swing high in place, but that has happened a lot lately. We closed below the 10sma, but then recovered it.  The bears take control and the Bulls buy it back.

SPX WEEKLY - The weekly chart bullishly climbs along the 10ma.

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