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Technical Commentary on US Equities

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Day: June 11, 2020

Commentary

6/11/20 x0C Signal

June 11, 2020 Josef Friedman

There is no question things were a little weird. The lack of depth is quite concerning. SPY Monthly The blue line is the 13 month moving average, red is the 39 month. The chart formation is called a megaphone because that is what it looks like with the lower lows and higher highs. To put… Continue reading 6/11/20 x0C Signal

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Commentary

Signal Will Not Be Published Today 6/11/20 Before Close

June 11, 2020 Josef Friedman

I'll be away later today. The market did retreat toward the close yesterday but only begrudgingly to the low of the day. I wasn't that keen on buying in any case, so I stayed flat. SPY is a little below the 13 day moving averages as I write this. If it stays below the signal… Continue reading Signal Will Not Be Published Today 6/11/20 Before Close

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