S&Ps 6/25

٢٥ يونيو ٢٠٢٠

Sept. S&Ps finishing at 3061.25, up over 50 pts from the lows. Surprised by how well equities held up today given the continuing headwinds from virus headlines. Fundamentally, jobless claims failing to inspire a lot here, DIS and M also providing some bearish news. Technicals tilting negative, most notably the failure to close above the 9-day MA and momentum trending lower. Fairly sizable reversal from the low is positive, but still failing to close above some pivot levels.