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Technical Commentary on US Equities

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Day: June 16, 2020

Commentary

6/16/20 Still xF0

June 16, 2020 Josef Friedman

The opening gap was virtually closed somewhere in between posting the previous entry and walking my dog. The signal will still be xF0, still assuming that SPY doesn't collapse into the close. Nothing to add to the short term negative market position mentioned before.

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Commentary

6/16/20 xF0 Probable Signal

June 16, 2020 Josef Friedman

The gap created between June 4 and June 5 remains in play even though it closed once. SPY Daily Today's gap suggests that further activity in this area is likely. That is, sooner or later SPY will be back here. xF0 happens about 4 times a year, it is a reliable money loser. I didn't… Continue reading 6/16/20 xF0 Probable Signal

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