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Scandex Market Update – June 12

Scandinavian Capital Markets

Finally something else besides ‘melt-up’. Index action in 2020 is basically straight up or straight down. Once the market picks a direction, it goes quickly in that direction without much of a counter reaction. In ES, pay attention to 2976 for a bounce. If it does bounce, then note 3065 for resistance. IF a larger reaction materializes (which would be a change) then 3137 should provide resistance.

Scandinavian Capital Markets Review

Source: https://scandex.com/2020/06/12/market-update-june-12/
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