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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 677.48+0.3%4:00 PM EST
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To: Johnny Canuck who wrote (52984)6/22/2020 10:14:01 PM
From: Johnny Canuck1 Recommendation

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All indices still in a sideways pattern. Only notable events are the DOW transport that saw an extreme volume spike probably due to some news stories of people starting to travel again on a limited basis and gold scratching out a new high quietly.


High volume on transports may be traders trying to front run an trend of the economy opening up and people starting to travel on a limited basis.

Gold's new high might mean more traders getting cautious on the market or seeing inflation as the economy opens up.

Too early to tell from my perspective as a trend follower as opposed to a gambler.

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