Commentary

6/19/20 A Miscellaneous End to the Week

The failure to hold the opening levels was disappointing but not out of the ordinary for a quarterly options expiration. The little bull flag turned into a rectangle. Rectangles are consolidation patterns that are neutral and can last awhile.

SPY (and DIA) are weak compared to IWM for a change. QQQ had a decent week, the other major ETFs look like they be up from last week but are winding up short of recovering 50% of the pullback.

The xMM shorter term and xCC longer term are buy signals.

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