Newsletter 06/13/2024

Good Morning Trader!

_{Quote of the day: “}Markets can stay irrational longer than you can stay solvent.” -John Maynard Keynes

SPY Levels for the day: SPY 600 by 4th of July??? Kidding but also not kidding. The slow, low volume grind up can last way way longer than we think. I do not know what happens as we approach the big psychological level of 550 but I know that people will probably front run the short in anticipation. This is why allowing the trade to prove itself is imperative to risk management. Those people COULD be right. On the other hand those people could add, add, add and all of a sudden be blown up with spy at 597. Which is why I thought the quote today was timely. There WILL be a huge blow out, stuff, retrace at some point. When that does come there will be enough meat in the move to not NEED to front run and risk blowing up.

No interest zone: 540.55 - 544.40

Above Targets: 544.89 is the first target, Second target is 545.47. Reach target is 547.3

Below Targets: 540.05  is the first target. Second target is 539.22 and reach target is 537.71

Tomorrow I will add in NQ and QQQ. Go Team ! Trade em well!

H.H

_{“Hazard Zet Forward”}

_{PLEASE READ: I am doing this because I love the community and enjoy talking about stocks. I have a right to talk about stocks and I’m going to do just that. Nothing is advice. I am not a financial advisor. This is not advice (seriously, i mean it). I am not a pro. I currently plan to not specifically trade any stocks mentioned so there is zero conflict. That being said I could be buying or selling any ticker mentioned at any time. I will do what I want and I want you to do what YOU want. Any money made / lost is the result of your personal decision - “Daily Newsletter” “Hugh henne” “Mitch Hennessey” or anyone / anything connected to any of those are not liable.}