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.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.