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Technical Commentary on US Equities

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Day: June 24, 2020

Commentary

6/24/2020 x0F

June 24, 2020June 24, 2020 Josef Friedman

This is negative, All four of the xEM numbers will go x0F without some late day rally. The big question is whether the low made earlier in the day will will hold. IWM, DIA, and XLI look technically quite weak. IWM is worst as usual. IWM The 13 month is crossing below the 39 month… Continue reading 6/24/2020 x0F

Tagged IWM, XLILeave a comment
Commentary

6/24/20 Lows in Play

June 24, 2020 Josef Friedman

It is important to avoid these sharp declines, so getting out close to the open was mandatory for overnight longs. SPY Weekly Price is at the bottom of the bodies of the candles from two and three weeks ago. Certainly, there is a good chance of it taking out the 52 week average at 297.… Continue reading 6/24/20 Lows in Play

Tagged qqq, SPYLeave a comment
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