Daily Trading Opportunities - Thursday, June 15

With interest rate decision coming out of both Switzerland and the United Kingdom today, there is plenty to get the markets moving. We also have retail sales out of the United Kingdom, and a handful of US announcements. There should be plenty of volatility during the day.


Apple has formed 2 hammers on the daily chart consecutively. This is a very bullish sign, especially concern we had such a brutal sell-off but found support at the very next major level in the form of the $145 handle. Because of this, it looks as if call buyers are coming back into the scene, and it’s very likely will push towards the highs again.

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The British pound tried to rally against the Japanese yen during the session on Wednesday, but found a bit of exhaustion near the 141 handle. On a breakdown below the 140 level, that would be a very negative sign and should have put buyers entering the market again.

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The Amsterdam exchange continues to enjoy support near the €520 level, and therefore looks as if it is a “buy on the dips” type of situation. Every time we go close to the €520 level, call buyers are aggressive. Longer-term, looks as if call buyers will try to push this market towards the €537 level yet again.

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