The markets had a very similar day to Monday in that there was a sharp sell-off in the morning, a bounce mid-day morning and then a move to afternoon lows which pressed weekly support on the SPX.
The hourly pattern carved out by the ProShares UltraShort SPY (SDS) since the beginning of June shows that all the action appears to be developing into a sideways contractionary price range.
Dr. Julie Peterson-Manz reviews the Around The Horn stock action for June 9, and presents trade ideas that still have the possibility of triggering for June 10.
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