Thank you blowshigh for you informative post.
After the April meeting the charts started to look very promising ( see 4 month chart)
But with permit delays came our disappointment when the rising triangle fell out of the bottom, all the way back to $ 1.20
It has been accumulating sideways and only June 13th showed a meaningful rise.
Since June 13th it has formed a symmetrical triangle and converged as well respected support and resistance ( see 21 day chart ).
With PPO rising and going above O line, RSI above 50%, CCI well above 0 line, regaining a position above Fibonacci 50% retracement from last low point.
Things look indeed very good for July.
https://schrts.co/AxhxaGVB
https://schrts.co/niwausFg
There's not much for investors to get excited about when it comes to the equity markets these days, but the calendar is one trend that is starting to work in the markets favour, this time of year has arrived.
The S&P 500 historically performs well during the two weeks following the close on June 29 th with its 2.15% gain over that stretch being " the best of any other day on the calendar over the last 20 years.
The trend is captured in this chart below.
Seasonal patterns should never be primary basis for any investment decision, but it certainly helps to know what the seasonal tendencies are at different times of the year and therefor is a topic we should
consider.
The chart below I copied on line for reference.