Headed into the July 4th holiday weekend, we have 3 more trading days in Q2:2021. We are starting to see a continual grinding higher in the US major indexes and various market sectors. The one thing my team and I believe is happening in the markets right now is “moderate complacency”.
After the FOMC statements just a few weeks ago and the continued support of the US Fed, the markets entered a period of moderate volatility. Currently, the markets appear to be settling in for moderately strong earnings expectations as Q2:2021 comes to a close. That means the markets will start to react to earnings and profit data as well as forward expectations presented by corporate statements along with the continued economic recovery attempt.
NASDAQ GRINDS HIGHER – BREAKS UPPER FLAG CHANNEL LEVEL
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WITH THREE TRADING DAYS LEFT BEFORE THE END OF Q2:2021 – WILL THE MARKETS LEAD US TO TEMPTATION OR BACK TO WORK?
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