A.M. Look 6/16/20

What’s another Trillion?

Spoo/Bonds are trading at its 200 WMA, coming into overhead Pit gaps in the Spoo & Nasd 100.

What’s it mean?

It means that buying strength into the bottom of the Pit gap in the Spoo’s will be a tough trade given the length and speed of this rally.

With all the money being thrown at the economy the money will seek out returns in equities.

It will just be harder to add new risk and manage without low risk trade location.

Gold confirmed the last low, however you still cannot buy strength and expect to not get the buys shoved down your throat.

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