June 22nd analysis and watchlist

Written By Michael Nauss

Crypto Markets

The BTC short continues to pay us. There is nothing to say about this chart other then there is an old saying that there is no such thing as a triple bottom……

The BTC short continues to pay us. There is nothing to say about this chart other than there is an old saying that there is no such thing as a triple bottom……

ETH hugging the 200 MA. This is what needs to hold for us to stand a chance here.

ETH hugging the 200 MA. This is what needs to hold for us to stand a chance here.

Equty markets

Powerful candlestick pattern here with a rejection of that breakdown. Puts us back into this choppy range. Gives a good lesson and not over reacting to one days trading. https://hitandruncandlesticks.com/bullish-separating-lines-pattern/

Powerful candlestick pattern here with a rejection of that breakdown. Puts us back into this choppy range. Gives a good lesson and not over reacting to one days trading.
https://hitandruncandlesticks.com/bullish-separating-lines-pattern/

I have looked at the news for the week and we have a lot of these fed jerks speaking throughout the week. I think people will listen to these people more as they are talking more about raising rates. Pumping Powell is going to be the biggest.

I have looked at the news for the week and we have a lot of these fed jerks speaking throughout the week. I think people will listen to these people more as they are talking more about raising rates. Pumping Powell is going to be the biggest.

1) rare to see all sectors up but thats a powerful not for tomorrow. 2) XLE was a dog last week and being a champ so far this. Rotation might be speeding up.

1) rare to see all sectors up but thats a powerful not for tomorrow.
2) XLE was a dog last week and being a champ so far this. Rotation might be speeding up.

Where the SPY opened at Fridays high XLE opened and sold down a bit first. Most likely sucking in more shorts causeing the extended rally of today.

Where the SPY opened at Fridays high XLE opened and sold down a bit first. Most likely sucking in more shorts causing the extended rally of today.

The Tech sector never closed under the prior resistance like the way the other ones did. Big tech might be a place to look.

The Tech sector never closed under the prior resistance like the way the other ones did. Big tech might be a place to look.

Stocks to watch

PROG has a nice little bullflag off of its low here.

PROG has a nice little bullflag off of its low here.

Very low float on here with VIRX but there is a battle here going on like no other. The winner could cause a huge move in either direction.

Very low float on here with VIRX but there is a battle here going on like no other. The winner could cause a huge move in either direction.

GO has a lot of room into the gap if this cup finishes bullish.

GO has a lot of room into the gap if this cup finishes bullish.

 

Watchlists

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

my Thoughts

Once again they buy the dip. XLE and QQQ’s showing strength so we need to keep our eyes on those.
We need to mark and watch the lows of Friday (or today whichever is lower) on all indexes a second leg won’t start unless those are violated.

PREMARKET update

Small gap up today. I would not be shocked if we run at all time highs over the next day or so. This part of the bounce we call the “wall of worry” and its the strongest. Remind me to talk about this today at 4 est for our live Q&A

Small gap up today. I would not be shocked if we run at all time highs over the next day or so. This part of the bounce we call the “wall of worry” and its the strongest. Remind me to talk about this today at 4 est for our live Q&A

Michael Nauss
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June 21st analysis and watchlist