1st full week of July tomorrow
- Ceasefire in effect
- Light on economic data
- Earnings starting but slow week
- Trump will likely be quiet after his overactive trading scolding
- Last few weeks economic data was healthy(ish)
-
$QQQ in a bullish wedge
-
$SPY just completed a healthy local ABC pull back
- No Rate Cuts expected at the very least till Sept
-
$NVDA reports late in August
- Crypto waking up
- A lot of positions on sale under their 200
WMA
- July historically is a very bullish month
We have the elements of a face ripping month ahead until the end of August
If we get parabolic moves, this will give us the final warning for what’s ahead in September
And that’s a harsh sell off