Homework and TradeSheet for Friday June 21st

June 20, 2019

Triple witching (actually quadruple)…..

Thursday brought the best volume in two weeks.  Friday should bring even higher volume with expiration. Fridays also tend to have the smallest range day in the SPs, consolidation mode trading.  Any deep early morning flush is still a buying opportunity. Pocket support at 2944, 120 EMA = 2948, PDL 2930.5

US – a close above 155’05 would be day 7 above the 5 SMA  implying extended run rules.  This means the market needs either a WRR sell or 3 bar triangle to from before the swing comes to an end.  155.05 main pivot ,  consolidation day….

Bunds – three bar triangle

GC, SI – on extended run status.  JY – approaching new highs for 2019.   Grail buys will form on retrace to 60/120/240 EMAs in general.

BP – Sell Short day

3:15 A.M. EST French Flash Services PMI

3:30 A.M. EST German Flash Manufacturing PMI

8:30 A.M. EST Canada Core Retail Sales m/m

9:45 A.M. EST USD Flash Manufacturing PMI

10:00 A.M. EST USD Existing Home Sales

12:00 P.M. EST USD FOMC Member Brainard Speaks

Last Trade for June S&P500 contract

 

Crude Oil, Gold, and Coffee Futures were the relative strength leaders for the day