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06/30/2018 Weekend Update

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Cobra
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Joined: Sat Feb 12, 2011 10:29 pm

06/30/2018 Weekend Update

Post by Cobra »

Down 2 weeks in a row, the next week has 64% chances to close up with profit factor 2.1 which is good.
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daytradingES
Posts: 2245
Joined: Thu Sep 13, 2012 10:46 am

Re: 06/30/2018 Weekend Update

Post by daytradingES »

Cobra remarked
"ugly close".

I am thinking that the close is very hopeful for a down Monday.
Especially as the double top was tested - 2747 and failed 2745.50 Friday's HOD.

Hopefully it won't be a strong down and open at low of o/n over the weekend.

No doubt the July4th will mess things up.
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Educational only and not trading advice (EO&NTA) :)
Good trading to all
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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/30/2018 Weekend Update

Post by Al_Dente »

Glance at the “thumbnails” at the far right, and note the sizeable selloffs in many of the FAANG+ in the last few minutes of the month/quarter.
15min charts
630faang.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/30/2018 Weekend Update

Post by Al_Dente »

ALMANAC:
"S&P 500 has advanced 85.7% of the time on July’s First Trading Day"
http://jeffhirsch.tumblr.com/post/17537 ... e-on-julys
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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