If there is any glimmer of hope for the bulls, it is that the S&P 500 Index closed above the yearly lows on Thursday following the test of those lows. However, the market is still below the monthly open, which is a negative.
Statistically, the first two weeks of July are bullish with the third week typically seeing selling pressure. If there is any bullish hope for the second half of the year, you should see buying starting to enter the market in the last week of July.
We may see an increase in range today with some bullish tendency for the day.
Hurricane season is here!
Charles
No comments:
Post a Comment