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  1. coolhand's Avatar

    Have the Bulls Taken Back Control? - Posted by Coolhand

    by
    coolhand
    , 06-16-2020 at 06:45 PM (Coolhand's Market Analysis)
    Quote Originally Posted by coolhand View Post
    We got another volatile session today, but this time the bulls took immediate control to the upside and bears tried to bring it back down. Of course, the bulls won the battle with some decent gains on the day.

    Transfer 9/23 for 9/24/04-s-p-500-png
    Transfer 9/23 for 9/24/04-dwcpf-png

    We can see that about half the losses have been retraced and perhaps a bit more than that.

    Transfer 9/23 for 9/24/04-nyad-png

    Breadth continues to rise and remains bullish.
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  2. tsptalk's Avatar

    TSP Talk: Major league reversal Monday

    by
    tsptalk
    , 06-16-2020 at 01:11 AM (TSP Talk Blog)
    The rally on Monday was quite impressive. Not so much in the size of the gains, but from where the indices started at the opening bell, and even more so, where the futures were overnight. The Dow was down 760 points near the opening bell, but the futures were actually down another 400 on top of that in overnight trading, so to close up 158-points was quite an impressive move. The question is, was the move too much for one day?

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