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Big moves across the board the day after FOMC.<\/div>\n
Strong US $ resulted in weak metals, grains and currencies. Strong bond market and VERY volatile stock index trading.<\/div>\n
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Nasdaq making all time highs while Dow was down over 500 points at one point.<\/div>\n
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If you are a member of our FREE Facebook group,\u00a0you would have had access to the information below BEFORE the day started\u00a0( if you are NOT a member, simply visit:\u00a0https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a>\u00a0)\u00a0:<\/div>\n
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06.17.21 Thursday post FOMC days can see very large moves.<\/div>\n
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SCO = STOP CLOSE ONLY<\/div>\n
MA= MOVING AVERAGE<\/div>\n
GOOD MORNING.<\/div>\n
FOMC DECISION:<\/div>\n
FED FUNDS<\/div>\n
NO CHANGE 0 – 0.25%<\/div>\n
ASSET PURCHASES PROGRAM of<\/div>\n
$120 billion per month remains intact.<\/div>\n
2021 INFLATION FORECAST:<\/div>\n
UP 1.0%<\/div>\n
From 2.4% to 3.4%<\/div>\n
Unemployment:<\/div>\n
Seen at 4.5% for 2021<\/div>\n
3.8% for 2022<\/div>\n
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THE DEFLATIONARY SPIRAL MAY STILL<\/div>\n
BE LINGERING. THAT’S WHY THE INFLATIONARY TRADE ISN’T GAINING ANY TRACTION AND THE FED MAY BE CORRECT<\/div>\n
ALGO IS LONG THE US $ AGAIN, WHICH<\/div>\n
IS HAMMERING THE GOLD & SILVER.<\/div>\n
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Chicago<\/div>\n
Export Sales 7:30<\/div>\n
Jobless Claims 7:30<\/div>\n
U S&P<\/div>\n
KEY MA 4191.75<\/div>\n
LOW yesterday 4190.25<\/div>\n
MUST HOLD!<\/div>\n
CLOSE BELOW 4191.50 triggers 4156.00<\/div>\n
KEY MA 4173.75<\/div>\n
Market must hold to<\/div>\n
maintain SECULAR Bull TREND.<\/div>\n
4173.50 close triggers 4105.00<\/div>\n
4063.75 is MASSIVE MA SUPPORT<\/div>\n
CRITICAL MA SUPPORT!!<\/div>\n
4018.75<\/div>\n
MUST HOLD!!<\/div>\n
U S&P<\/div>\n
ALGO RESISTANCE:<\/div>\n
4240.25<\/div>\n
4231.50 Buy SCO<\/div>\n
4224.00<\/div>\n
U S&P Closed 4213.00 -23.50<\/div>\n
ALGO SUPPORT:<\/div>\n
4194.75<\/div>\n
4186.50 Sell SCO<\/div>\n
4177.00<\/div>\n
U NASDAQ<\/div>\n
MA SUPPORT:<\/div>\n
13,697.75<\/div>\n
MAJOR SUPPORT<\/div>\n
13,656.75 *******<\/div>\n
KEY MA!!<\/div>\n
MUST HOLD!!<\/div>\n
A close below damages the Secular Bull trend and triggers 13,470.00<\/div>\n
CRITICAL MA SUPPORT<\/div>\n
13,422.50 ******<\/div>\n
LAST MA 13,418.00<\/div>\n
U NASDAQ Closed 13,972.75 -49.00<\/div>\n
ALGO SUPPORT:<\/div>\n
13,970.25<\/div>\n
13,942.50 Sell SCO<\/div>\n
13,911.50<\/div>\n
13,710.74<\/div>\n
13,649.50 Sell SCO<\/div>\n
13,578.25<\/div>\n
U NASDAQ<\/div>\n
FIBONACCI RETRACEMENTS:<\/div>\n
14,155.25 to 12,906<\/div>\n
38.2% = 13,679<\/div>\n
50.0% = 13,531.25<\/div>\n
61.8% = 13,384.50<\/div>\n
N CRUDE<\/div>\n
74.75 is the next OBJECTIVE,<\/div>\n
then 80.00 long term.<\/div>\n
N CRUDE Closed $72.15 +0.03<\/div>\n
N CRUDE<\/div>\n
ALGO SUPPORT:<\/div>\n
70.65<\/div>\n
70.30 Sell SCO<\/div>\n
69.91<\/div>\n
67.93 Key MA<\/div>\n
66.11 CRITICAL MA<\/div>\n
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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To access a free trial to the ALGOS shown in the chart along with other tools? (Arrows possible buy\/sell, diamonds = possible exit\/ tighten stops) visit and\u00a0sign up for a free trial\u00a0<\/a>for 21 days with real-time data.<\/div>\n
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<\/div>\n<\/div>\nGood Trading<\/strong><\/h3>\n
Good Trading<\/strong><\/h3>\nTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.<\/p>\n
<\/p>\n
Futures Trading Levels<\/strong><\/h3>\n6-18-2021<\/strong><\/p>\n![\"\"](\"https:\/\/files.constantcontact.com\/3dc00ef7001\/763a3696-bb6e-4d0d-9072-d15a35fb2749.png\" "\\"\\"")
<\/div>\n<\/h3>\nEconomic Reports, source:\u00a0<\/strong><\/h3>\n
6-18-2021<\/strong><\/p>\n<\/div>\n<\/h3>\n
Economic Reports, source:\u00a0<\/strong><\/h3>\n
![\"\"](\"https:\/\/files.constantcontact.com\/3dc00ef7001\/dc25b119-526b-4405-92f8-a1915099a7c6.png\" "\\"\\"")
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