Market Analysis and Trades for 6/29
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The weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. It can be found here Market Analysis for the Week of 6/28
Sellers remain in control of the short-term trend so shorts have been preferred. However, intermediate timeframes are in a large multi-week balance so two-way trading has been fully expected. That will remain the case for this week. When buyers take back control of short-term trend they will have a more significant advantage than sellers have recently enjoyed (because of higher time frames) but we will still see two-way trading. The weekly plan outlined some major areas of interest which could lead to that trend change, and the daily plans will cover how we’ll execute around that. No predictions, just preparation and good trades.
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