Live: Friday, June 22, 2018

9:55 a.m. New York time

SPY is trading within yesterday’s range so far this morning and requires no action.

ARKG has set a lower low for two days in a a row for the first time since June 4, and the daily chart Fisher Transform has switched to downtrending. It has been uptrending since June 13. The weekly chart Fisher remains uptrending, as it has been since mid-May. The weekly is my chosen signal to consider exiting to avoid a downtrend.

Neither symbol demands a change in my Elliott wave count, so I see no reason to take action on either today.

On Saturday, look for The Week Ahead — my discussion of what to expect in economic reporting.

By Tim Bovee, Portland, Oregon, June 22, 2018

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

License
Creative Commons License

All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s