Live: Wednesday, June 27, 2018

11:20 a.m. New York time

SPY bumped up a bit today in what would appear to be, in Elliott wave analysis, a 4th wave of the Micro degree {-2}.

ARKG continues its downward course, having traced a very low level mini-correction to the upside over the last few days.

In neither case do I see a need for action, and I anticipate no trades today.

By Tim Bovee, Portland, Oregon, June 27, 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.

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