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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (63982)	6/17/2025 2:54:14 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67816

Index Updae June 16 2025 Only a quick one tonight. SP500 back to even at the level before the Iran attack. Back to waiting just below the 52 week high. It need news to move it to a new 52 week high. DOW back above the 200 day SMA but back to waiting. DOW transports still on a negative long term bias. Still potential weakness in DOW ahead. DOW utilities also still waiting. TLT starting a wave down again, starting another dead cat bounce. USD bounce from 52 low and then just stalling. No rush to safety or Israel-Iran conflict being perceived to be contained. COMPQ back to short term flat. It still needs news to set a direction. Russell 2000 stalling at resistance and still long term negative. Financials still short term negative, but nothing to worry about yet. Energy clearing the 200 day SMA. It now lots like it will test the high of the channel potentially. Gold still waiting near the 52 week high still. Consumer discretionary still waiting. Overall we are back to waiting at the key level as just before the Iran-Israel conflict. There is still the probability to setting a new 52 week high on some of the indices. The longer it waits here though the more of a chance of some profit taking before it tries again.