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Technical Commentary on US Equities

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Day: June 9, 2020

Commentary

Probable xCF Close and a Few Notes

June 9, 2020 Josef Friedman

We might be range bound until Wednesday afternoon because of the Fed. If it will be range bound, the idea is not to buy breakouts, because range bound implies they will likely fail. My current guess is that it will pull back after the FOMC 2pm announcement, especially if there is strength prior to it.… Continue reading Probable xCF Close and a Few Notes

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Commentary

Pre-Open Notes 6/9/20

June 9, 2020 Josef Friedman

There was no pullback in the after market yesterday, so I didn't take a position. I'm not going to buy into a close like we saw yesterday with the sharp up move in the last half hour. Playing xFF and xCF is sort of a contradiction because if xFF doesn't work and changes to xCF… Continue reading Pre-Open Notes 6/9/20

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