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Strong Seasonality For The Next Two Weeks, Blind Money, Relief Rally On Far Right Win In France

Benzinga ·  Jul 1 22:36

To gain an edge, this is what you need to know today.

Strong Seasonality

Please click here for an enlarged chart ofInvesco QQQ Trust Series 1(NASDAQ:QQQ).

Note the following:

  • The chart shows that QQQ is levitating but stalled near the high.
  • The chart shows that RSI has pulled back, indicating loss of internal momentum.
  • The chart shows that QQQ is significantly above the support zone. This indicates that there is high risk in this market that investors are ignoring for the time being.
  • The chart shows that the volume is low, indicating lack of conviction.
  • Historically, the foregoing...
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