FA
-US economic data for May overall are positive (better than expected)
tradingeconomics.com/calendar
-Beijing is being shut down, including school and travel.
-FED REPO + Treasury purchases remain unchanged.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-Positive news for the vaccine.
scmp.com/news/china/society/article/3089334/coronavirus-chinese-firm-says-its-vaccine-candidate-passes-phase
-Covid-19 cases spiked today
worldometers.info/coronavirus/country/us/
TA
-SPX is forming a bull flag, changed the trend from bearish to Bullish.
Notice every time the market is about to form a bear flag, FED steps in and vaccine news appears.
-The first resistance for SPX is 3153. If it breaks above this value. There will be a break-out for long positions, potentially fill the 319 gaps.
-In the final hour of the trading session, SPX closed above 3120.2: Bullish. Also, there was a bear trap during the final minutes of the trading. Short squeezing could be taken place soon.
-SPX is trading above all moving averages in the daily chart: Bullish
-RSI, Squeeze: neutral.
Bottom line: Tomorrow could be a small gap down, then SPX continues the bullish trend. Or SPX breaks out during pre-market and go higher.
-Trading note: I sold my 311, 314 calls at the beginning of the market. Bought some puts when SPY was 314, immediately bail out at 312. Now I'm holding 312.5c 06/19.
Good luck and thank you.
-US economic data for May overall are positive (better than expected)
tradingeconomics.com/calendar
-Beijing is being shut down, including school and travel.
-FED REPO + Treasury purchases remain unchanged.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-Positive news for the vaccine.
scmp.com/news/china/society/article/3089334/coronavirus-chinese-firm-says-its-vaccine-candidate-passes-phase
-Covid-19 cases spiked today
worldometers.info/coronavirus/country/us/
TA
-SPX is forming a bull flag, changed the trend from bearish to Bullish.
Notice every time the market is about to form a bear flag, FED steps in and vaccine news appears.
-The first resistance for SPX is 3153. If it breaks above this value. There will be a break-out for long positions, potentially fill the 319 gaps.
-In the final hour of the trading session, SPX closed above 3120.2: Bullish. Also, there was a bear trap during the final minutes of the trading. Short squeezing could be taken place soon.
-SPX is trading above all moving averages in the daily chart: Bullish
-RSI, Squeeze: neutral.
Bottom line: Tomorrow could be a small gap down, then SPX continues the bullish trend. Or SPX breaks out during pre-market and go higher.
-Trading note: I sold my 311, 314 calls at the beginning of the market. Bought some puts when SPY was 314, immediately bail out at 312. Now I'm holding 312.5c 06/19.
Good luck and thank you.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.