Market Analysis and Trades for 6/19-6/20
If you are looking to join the Discord (now separate from the newsletter) please see here: JOIN THE DISCORD Please email help@pharmdcapital.com if there are any technical issues. Plans/levels will be posted in the Discord so the Discord option includes Substack content but a new Substack subscription does not include Discord access.
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
Keep in mind that cash markets are closed on 6/19 and futures will trade a shortened session.
Today was VIX product expiration and FOMC is now out of the way. Sellers retain a slight upper hand in the very short term as yesterday’s high was defended, and yesterday’s low taken out- both very slightly
The overnight session saw an early look below and fail of yesterday’s low which ended up resolving 40+ handles into a key spot on SPX at today’s high.
That range put in high of day and was defended all day including the FOMC volatility:
Sellers still have not taken out last week’s SPX low, which would be an important accomplishment to bring the weekly to balance on an SPX basis.
Paid Content Below or in the Discord