Daily Reflection: 06.22

23 Jun

Heavy selling and a Trin close above 2.0 on both the NYSE and NASDAQ. If we cannot close higher tomorrow we are in for new lows on the year, but as always there are two sides to every tradeā€¦

Bulls see: Pullback before making new highs (look at Feb 25, same setup).

Bears see: Head and Shoulders, looking to make new lows on the year.

Tomorrow is the monthly Fed meeting announcement. We are expecting them to leave rates unchanged until the November elections.

No comments yet

Leave a Reply