Stocks and Precious Metals Charts - Quad Witch Expiration

By Jesse of Jesse's Cafe Americain

Jun 17, 2022 at 5:23 PM EDT

Stocks tried hard but failed to hold a solid rally off the oversold condition from yesterday.

Today was a quadruple stock option expiration in US markets.

Stocks tried hard but failed to hold a solid rally off the oversold condition from yesterday.

There may be more work to be done on the downside.

Gold and silver gave back some of yesterday's gains.

The Dollar rallied.

So all in all, a reversal wash and rinse for the quad option expiration.

Three day weekend.

See you on Tuesday.

Have a pleasant weekend.

(Click on image to enlarge)

Disclaimer:

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy, I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for the purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflections on general macro financial and economic events and trends.