FA
-New unemployment claims will be announced tomorrow.
-Cov-19 cases are still on the rise with Bejing and India in shut down. New world record on daily cases. South American countries are exploding in cov-19 cases
www.worldometer...fo/coronavirus/?zarsrc=130...
-Major news about Biden on the newest poll survey could be another factor to trigger the drop.
-FED policies are aiming for long-term recovery, instead of positivity about the current situation.
www.cnbc.com/2020/06...bernstein-warns.html
-FED repo and treasury purchasing remain unchanged.
-Housing/Mortgage application data is positive.
tradingeconomics.com/calendar
-New Zealand GDP dropped more than expected.
tradingeconomics.com...w-zealand/gdp-growth
TA
SPX failed to break resistance at 3157, a reversal took place.
-RSI, Squeeze: bearish
-SPX500 crossed EMA 50,100 and built-in EMA TEST in both 1h and 4h chart during the future market: bearish.
-SPX could retest the 3067 level.
Trading note: Sold SPY 312.5 call at open and bought some AAL puts 06/19 at the closing.
Good luck and thank you.
-New unemployment claims will be announced tomorrow.
-Cov-19 cases are still on the rise with Bejing and India in shut down. New world record on daily cases. South American countries are exploding in cov-19 cases
www.worldometer...fo/coronavirus/?zarsrc=130...
-Major news about Biden on the newest poll survey could be another factor to trigger the drop.
-FED policies are aiming for long-term recovery, instead of positivity about the current situation.
www.cnbc.com/2020/06...bernstein-warns.html
-FED repo and treasury purchasing remain unchanged.
-Housing/Mortgage application data is positive.
tradingeconomics.com/calendar
-New Zealand GDP dropped more than expected.
tradingeconomics.com...w-zealand/gdp-growth
TA
SPX failed to break resistance at 3157, a reversal took place.
-RSI, Squeeze: bearish
-SPX500 crossed EMA 50,100 and built-in EMA TEST in both 1h and 4h chart during the future market: bearish.
-SPX could retest the 3067 level.
Trading note: Sold SPY 312.5 call at open and bought some AAL puts 06/19 at the closing.
Good luck and thank you.
Comment:
Bear trap. Go long