End of Day Update – 6/15/2021

End of Day Update – 6/15/2021

We did get the anticipated turn at the last update, anemic though it was. We are a bit past the afternoon drive time with a slight rally underway. The tempo remains slow, with internals mixed at 50/50. Hence the lack of trend.

The NASDAQ 100 has been weaker than the S&P 500 today, kind of the reverse of yesterday. Unless we have another shooting star into the close as yesterday, we could close back inside the balance range.

We will resolve tomorrow, after the Fed announcement. It could get interesting if they talk about, talking about, mentioning, possibly thinking about, tapering QE, or raising interest rates, sometime in the next 10 years or so.

No surprises.

A.F. Thornton

AF Thornton

Website: https://tradingarchimedes.com

A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.

Subscribe!

Free Blog content and videos delivered to your email.

Health and Wealth Podcast Coming Soon!

We value your privacy, never sell your information, and detest spam!