Comments on: Stock Market Technical Analysis 6-13-22

By: rsotc

rsotc — Tue, 14 Jun 2022 18:34:50 +0000

In reply to becky. Certainly a possibility & something to watch for although any fireworks in EUR/USD aren't likely to start until after the FOMC announcement tomorrow.

By: JimG

JimG — Tue, 14 Jun 2022 12:25:56 +0000

Here is the put call i track. show elevated readings. Previous spikes into the horizontal BB was met with bottoming action where we were close to reversals… on thing that is different this go around is the expansion of the BB opening the door for true capitulation spikes having to hit higher and higher. I think we are at a precarious area here. But in the past spikes like this mean we are likely going to see price relief rally back through this area sooner rather that later.

By: becky

becky — Tue, 14 Jun 2022 07:37:48 +0000

Euro has been tagging that 1.05 support since 2015. The odds are getting high that it will finally break it, especially given that the FED is more hawkish than ECB.