Sunday Prep 6/27 - Favoring Longs on Stocks (that behave well)
Updated
From Sunday Prep Jun 27, 2021 prepared by TrueTrader pro RickyAnalog
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All I can say is “That is one HELLUVA weekly candle” from last week!
Daily on the
ES1! shows we have near-term support at the 20d (4222), the quarterly pivot (4199.25), and the 50d (4186.75).
Above, only resistance within sight is the monthly pivot up around 4366.
Market looks good and I am willing to put capital into long ideas on stocks that are behaving well with this market.
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All I can say is “That is one HELLUVA weekly candle” from last week!
Daily on the
ES1! shows we have near-term support at the 20d (4222), the quarterly pivot (4199.25), and the 50d (4186.75). Above, only resistance within sight is the monthly pivot up around 4366.
Market looks good and I am willing to put capital into long ideas on stocks that are behaving well with this market.
Trade closed: target reached
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