SPY up +0.4% on Tuesday, after being up 1% earlier in the day on the back of ES futures buoyancy.
In the past 10 trading days, 7 days SPY have opened higher and closed lower suggesting stealth selling by the institutions.
Nasdaq Composite (+0.7%) closed up for its 8th day straight advance. Nasdaq mega caps consistently provide narrow leadership for the market.
Economic green shoots data...home sales up 16.6% m/m in May.
Indicator continues to build negative divergence. But SPY stays comfortably above support zone.
ES futures down -29 handles as of now. Corona doubts pressing European indices, and thus ES futures.
Maybe negative open for SPY for a change.
If so, watch out for gap down and fail. And then a ramp up.
In the past 10 trading days, 7 days SPY have opened higher and closed lower suggesting stealth selling by the institutions.
Nasdaq Composite (+0.7%) closed up for its 8th day straight advance. Nasdaq mega caps consistently provide narrow leadership for the market.
Economic green shoots data...home sales up 16.6% m/m in May.
Indicator continues to build negative divergence. But SPY stays comfortably above support zone.
ES futures down -29 handles as of now. Corona doubts pressing European indices, and thus ES futures.
Maybe negative open for SPY for a change.
If so, watch out for gap down and fail. And then a ramp up.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.