ES 7-14-23
TGIF! i have a cycle top due today or Monday, and today seasonals are a strong up. The pattern im seeing short term looks lie distribution (meaning lower coming) but this market is so strong, who knows!
Another fun stat to reinforce todays historically positive seasonals.... From Memorial day to July 14th ( the summer rally) the market is up 7.2%. For the past 50 years whenever it is above 2.5%, the next day (today) is up 19 of the last 20 times
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