ChartsEdge (U.S.) equities map for 6/17

Market Map for Jun17

Posted: June 16th, 2009
Author: Mike Korell
Filed under: One-Day Market Map Comments to ChartsEdge »

Note: changed post time to make "easier to see" intraday
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Thanks again, Mike and ChartsEdge!

And folks, remember that just because this is posted the evening before - does not mean it guides for overnight trade. It's the map for intraday action in (U.S.) equities during market hours, tomorrow, June 17.

If the action plays out as indicated, then we may get another good "jumping off point" tomorrow afternoon.... Will see. If that's to be all or part of a second wave pullback up, it doesn't look like much, at least based on this map. Frankly, the way this has been playing out so far makes me have more suspicions about the nature of the drop we'll see, meaning how deep - but let's get past this opex as well as the end of month, end of quarter which is normally one of the more vigorous "window dressing" time frames. For now, there are indications of a cycle low coming right up, and then perhaps a deeper one around the 26th. So as always, how you play it depends so much on your trading style and methods.

As always - be careful out there, and happy market navigating!