Market Analysis and Trades for 6/27
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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
Today opened on another true gap up so the rules of trading true gaps applied. Yesterday’s high was back tested and held and the market trended higher all day with minimal pullbacks. There was no reason to do anything else but get long on that hold and hold on.
The cash index SPX finally made a new all-time high (6146.52 vs prior 6145.66)
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