27 replies to this topic

[redfoliage2]

The consolidation was done as the market is dynamic.  It just back filled the opening gap.   The intra-day dip is likely to be bought soon ..................

Edited by redfoliage2, 28 June 2024 - 01:11 PM.

[redfoliage2]

As the month of June ended bears have lost their handle.......................

Edited by redfoliage2, 01 July 2024 - 09:05 AM.

[redfoliage2]

Historically after the June EOM and EOQ rebalances the market goes higher in July.  I predicted SPX 5500 in June and now I see SPX likely to reach 5600 before the Summer ends ...................................

Edited by redfoliage2, 01 July 2024 - 09:23 AM.

[redfoliage2]

Historically after the June EOM and EOQ rebalances the market goes higher in July.  I predicted SPX 5500 in June and now I see SPX likely to reach 5600 before the Summer ends ...................................

or before the Fed cuts the rate in Sept ........................

Edited by redfoliage2, 01 July 2024 - 09:26 AM.

[redfoliage2]

 It's still early in July that is historically one of the best performing months of the year.  We are likely to see SPX to go above 5600 on good CPI out tomorrow........................................

Edited by redfoliage2, 10 July 2024 - 08:21 AM.

[redfoliage2]

Well, traders are taking profit today after yesterday's big gains with SPX went above 5600 on the rumor that CPI rose slower for the month of June..........................

Edited by redfoliage2, 11 July 2024 - 09:48 AM.

[redfoliage2]

Well, this is not a good sign as the rally getting sold today.  Better get into defensive ...........................

Edited by redfoliage2, 11 July 2024 - 10:50 AM.

[redfoliage2]

But I see this dip is likely to be bought ........................