Signals & Trading Plan for Thursday 6/20/19

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Here is an excerpt from our trading plan.

Surge4 of the Up Trend continues
FOMC announcement was something of a non-event today:  
“The Federal Reserve on Wednesday left its key interest rate unchanged and signaled it’s unlikely to cut borrowing costs in 2019, but the central bank also left itself wiggle room by saying it would “closely monitor” the economy in light of waning inflation and growing “uncertainties.”

Market responded by staying firmly in Surge4.   $SPX $NDX $RUT are likely to rise up further from here based on their market internals.

The rest of this article covers:
Market internals
Surge4:  support and resistance levels
Trading plan
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