June 9 Weekend Report
SPX – From Fridays report, this shows that the SPX could be forming a megaphone pattern as it sat around the 50sma. SPX – Friday the SPX moved higher off of the 50sma, but has a new daily cycle started 6 days ago? This is what I would look for going forward…
Friday And The Weekend
It is Friday, the last trading day of the week. Jobs numbers will be released, along with the Natgas Inventory numbers. I like to remind ‘traders’ and ‘investors’ that today is the last day to be positioned heading into the weekend. I am holding several trades through the weekend, but I have been over 50% […]
Thursday June 6 – Are We There Yet?
NASDAQ – We did see a small reversal , but we are still under the 50sma. I just don’t think that we are there yet, so I expect further downside.
