Hello Everyone,
Quick Notes: Nice follow thru day in the major indices after yesterday's strong reversal. Once again, technology (QQQ) led to the upside with and the FAANG names closing higher along with MSFT which made new highs. With that said, several sectors are still below their respective 9 day EMA's (will review tonight) and thus we must remain nimble and on watch for failures into resistance. Keep an open mind and trade what's in front of you in accordance with your
plan/methodology. Don't hesitate to take some profits near resistance and continue to trail stops on trades.
Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night.
Please take a moment to look at the trade ideas.
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6/22: SPX 2-day candlestick chart DVT = 4065, Weekly DVT = 3970