PharmD Capital Trading with PharmD_KS

PharmD Capital Trading with PharmD_KS

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PharmD Capital Trading with PharmD_KS
PharmD Capital Trading with PharmD_KS
Market Analysis and Trades for 6/11

Market Analysis and Trades for 6/11

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PharmD_KS
Jun 10, 2025
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PharmD Capital Trading with PharmD_KS
PharmD Capital Trading with PharmD_KS
Market Analysis and Trades for 6/11
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Be sure you have read the Starter Kit, including the free section even if you’re a paid subscriber. Trading Doggy Style Starter Kit

The weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Link to Market Analysis for The Week Ahead

SPY 0.00%↑ continues to make daily higher highs and higher lows following the breakout from the 3-week balance even though the breakout has been a bit sluggish. This action is no real surprise given the summer trading environment as mentioned in the weekly plan:

After a wild overnight, both ES and NQ looked below and fail their prior day cash hours low. NQ did so again during RTH while ES did not. I have been a bit more focused on NQ as it seems to be trading more cleanly. We were monitoring 21731-21740 to produce the LBAF of yesterday’s RTH low and it didn’t disappoint. Low of night was 21732 and the RTH low was 21742.75.

I was hoping to see some hedging flows come in today to loosen up range a bit. There was a sequence in play that could have seen NQ come down to the 630-650 range and ES back to 5987.5 and possibly 5970s. We did see those hedging flows come in but the LBAF on NQ along with the 6004-6008 range on ES terminated the sell.

Nothing has yet changed. We make a new high, see some decent passive selling (profit taking from longs), a liquidation of late longs, and a buy the dip response. We are far from meeting any of my minimum requirements for a trend change. Until then, we can expect a continuation of this general sequence which favors longs with very select short opportunities to be treated as rentals.

We do have CPI tomorrow and surely some additional trade related news.

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