Commentary

6/26/2020 Lipstick Day

SPY Weekly

QQQ Weekly

The weekly candles will look a lot better if today is positive. Seems to me that the main discussion is still about SPY 300.

This is the first summer Friday this year and near the end of the 2nd quarter is not traditionally bullish. Theoretically there might be lighter than usual volume.

7em and 13em finished yesterday at x30 which is negative. No way was I buying yesterday afternoon so I didn’t check at 4:15. x03 for 13em isn’t bad at the close. x33 is a buy. At the moment, I’m mostly happy that I avoided playing this long last night.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s