June 15th premarket prep

Cypto Markets

BTC reversed from my entry. But still struggling with both the 200 MA and the 40,000$ whole number. No action should be considered until this level is cleared and held over.

ETH bounce from the lows was stronger than BTC recently. However in the longer term BTC is still below the 200 and ETH is still over. The question is if we see a return of BTC Dominance which is looking more and more likely. — ETH bounce from the lows was stronger than BTC recently. However in the longer term BTC is still below the 200 and ETH is still over.

The question is if we see a return of BTC Dominance which is looking more and more likely.

ADA is still setting up as I like to see. I am looking at todays high to break to be involved with a stop under the latest pullback.

Equty markets

The pullback today perfectly down to the support/resistance line I have been highlighting for a while now. This touch of that support and then bounce higher closing at highs is very bullish health action. — Finally after over a month of watching the markets closed over the resistance. Now we remain cautious of a quick failure right under that price but if we dont see it for a day or so I am more confident we are looking at more continued upside.

Continued strength in the growth names being shown here and we will notice this trend throughout todays analysis. This is great for us swing traders as these names can offer outside returns when strong.

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Stocks to watch

TIL is a fairly new issue. That is putting a potential higher low here into a falling wedge. Sometimes when these things turn they can go and test near all-time highs.

FIZZ was a WallSteetBets darling back in January and still has a 22% short float today. If we hold this support this could be a powerful inverse head and shoulders. The measured move from that one would get us over $60.

VIR has pretty much the same look as FIZZ and I will be looking to play it the same way. Note that areas of interests are highlighted in the google doc below.

RMO would greatly benefit if we are going to turn back into a growth market from a value one. This one was cut by 75% since its high so a small bounce form this level could be a great % return.

QTNT has a rare but powerful cup and handle going on. The handle part of the flag here is getting tight. The risk reward alone here makes it worth it for me to watch.

$8 seems to be the number here on $AFMD. This is my favourite stock to watch for tomorrow as it has my most pofitable breakout followed by a retest play. — $8 seems to be the number here on $AFMD. This is my favourite stock to watch for tomorrow as it has my most profitable breakout followed by a retest play.

Watchlists

https://docs.google.com/spreadsheets/d/1n0Lkgecm9LDu1j0CeYyDy-ix5BFRVivI4JUYNwnRUs8/edit?usp=sharing

my Thoughts

The market continues to look very strong. We have been stuck in the range for over a month now after breaking that I was watching the next move closely. That next move was today where the market pulled back to the breakout area and was met with buyers that regretted not getting the breakout price.

PREMARKET update

Nothing much to add today in the PM either. Small gap up makes sense considering the bullish action we have seen last night. I know there is some fed stuff tomorrow so we might see a slower day today.