Commentary

6/24/2020 x0F

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 for the first time since 2010. Pretty massive 18 month double top at 169. A little poke this month above the averages followed by a serious rejection.

XLI

The distance between the 13 month and 39 month has been decreasing all year.

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