Thursday, June 29, 2023

DTI Daily Rundown - June 29

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On TBUZ TV Today:

4425.00 Pivot.

4445.00 Resistance

4400.00 Support

Opens: 2023 3895.00; 2nd Quarter 4127.00; June 4188.50.

80/20 Training Live at 9:15am ET. Weekend Side Hustle Session 1:00pm ET.

6 Trading Days Until July 6. Replay of Wednesday on the Web.

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Market Review:

2 Days to Go.

There are just two trading days left in the first half of the year. Today and tomorrow. The ES futures opened last night at 4423.75. It would take something short of a mini crash to bring the market back down to the open of the month, 4188.50, so we can safely put that market aside.

The goal of this market seems to be to get as close to the high of the month and year, 4493.75, as is possible. The 20-day average range of the market at the end of yesterday was 45.43. 45 points below 4493.75 is 4448.75. What you should be watching today is that 4448.75 number. If the market is able to close above that number, then the high of the month at 4493.75 can be reasonably challenged.

More importantly, the closer we are to the high of June as we open July, the more likely it will be for July to push to a higher monthly high.


Over 70% of stocks track with the S&P 500 Futures

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Major Events:

July 3 ISM Manufacturing PMI

July 5 FOMC Minutes

July 6 ADP Employment

July 6 ISM Services PMI

July 6 JOLTS Job Openings

Key Numbers Opens: Above or Below

4423.75 is the open

4390.00 is the open of the Week

4188.50 is the open of the Month

4127.00 is the open of the 2nd Quarter

3895.00 is the open of 2023

What's Hot and Not!

Training Thursday

Join us at 9:15am ET for the 80/20 Training.

Join Tom at 1:00pm ET for the Weekend Side Hustle Training Session.

Don't forget to Review last Nights WOW at: https://vimeo.com/840657724/b319793c39

Past performance is not indicative of future results. Futures trading involves substantial financial risk.

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