Homework and TradeSheet for Thursday June 20th

June 19, 2019

Large opening gaps from overnight session in MANY markets means:  Watch PDH (previous days high) to see how much retrace back into the pit session gap FIRST and then monitor for continuation entry after that. OR – if push UP off OP, then watch for Sell Div reaction down.  Momentum is strongly up, but markets may be well marked up by 7 AM.

 

SP – Continuation day +daily Buy Anti can lead to all time new highs.

NQ, DAX, Russell all closed with 3 bar triangle BO formation, a continuation pattern.  Dax new weekly highs not far away.

$ index on First cross daily sell from 3/10 oscillator.  Previous daily swing low in play.

JY – 2019 high in play

EC – 114.375 in play

CD – weeklies start of new leg up

GC – Aug contract approaching 2018 highs.  This level was already taken out in the cash market in Asia session.

SI – weekly Buy Div still in play

KC – First Cross BUY on daily charts

SB – Pinball Buy

Hogs – low TP = Breakout mode (watch long side)

4:30 A.M. EST GBP Retail Sales m/m

7:00 A.M. EST GBP Official Bank Rate & Monetary Policy Summary

8:30 A.M. EST USD Philly Fed Manufacturing Index & Unemployment Claims

10:30 A.M. EST USD Natural Gas Storage

4:00 P.M. EST BOE Gov Carney Speaks

July Coffee Futures go first notice