Tom’s Weekly Newsletter June 02, 2021

Posted in Newsletter

By: Tom Gentile on June 2nd, 2021 • 1 min read

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There is no denying the overhead resistance in the equities markets, specifically for the S&P 500 is holding firm right now.

Until we see a price move where prices take out the overhead resistance on meaningful volume it could continue sideways.

One either cuts their option trading activity until a more recognizable directional move happens or seek out where bullish (or bearish) activity is happening… and that is Oil!

A website to help ascertain what sector in the markets is performing the best is www.sectorspdr.com.

Tom Gentile

C1P Chief 1-Percenter