seasons greetings!
Updated
June seems to be mediocre month for the stock market, maybe we'll get some housing data that says inflations heating up? But July is supposed to be spectacular, and the timing couldn't be better -- July 4th + reopening = speculation heaven. August and September are usually bad though so maybe, along with earnings, that's when everyone comes back from summer camp and looks at how the data will affect 2022?
Either way, this market is stubborn as speculation remains bullish, even as big money finds ample opportunity to dump indices for individual names and though we can see the danger coming, there isn't enough selling pressure for significant price changes - we'll have to wait for some real world surprise to actualize what everyone knows is coming. Meanwhile, equities -- get em while theyre hot.
Either way, this market is stubborn as speculation remains bullish, even as big money finds ample opportunity to dump indices for individual names and though we can see the danger coming, there isn't enough selling pressure for significant price changes - we'll have to wait for some real world surprise to actualize what everyone knows is coming. Meanwhile, equities -- get em while theyre hot.
Note
nope sorry, gonna be bullish first couple of days of june. if you look at recent data and support levels, there is no reason that the next couple of days will be a reversal. no it doesn't make sense in the grander scheme and prices are already expensive where they are, but there is nothing that says SELL in the next couple of days. One last leg higher at least.I'm just a retail trader, if you want to go against the grain, then short short short.
Note
I can't believe I forgot to share this chart. Its a expectation of whats to come based on seasonality and hardline facts about how around september they might talk more strongly about paring back purchases in the FOMC. I think those who said we'll end around 4600 in the SPX this year were pretty dead on.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
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