Founder's Trading Journal Pre-Market Update – 6/10/2021 by AF Thornton Jun 10, 2021 0 Comment Solid breakout on the S&P 500 with strong internals. The initial move includes some short-covering, we will see if price is accepted in this area. The NASDAQ 100 has broken out above its near-term high, but remains below the all-time high. If price is accepted here, the head and shoulders pattern to reverse higher is solidified. I am continuing to lighten on my personal positions in the rally. I want the weekend to make any further decisions.Energy and tech are leading. That is unusual as of late. Financials are laggards thus far.Stay tuned.
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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.