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Seasonal Tendency

June 5
  1. NQ heavy long bias.
    • Weekly DR predicts long.
    • 4H Both H&L.
  2. CL long bias. If accelerating up, should be very obvious pricing upwards.
    • Daily both sides break.
    • daily internal → external.
    • weekly DR being consolidation/trumpet (can definitely see higher in price). currently back into WDR.
    • Seasonal tendency for JUNE / JULY is consolidation
    • Could be a push away from WDR for PDL, TT (PDH is rather high)
  3. GC
    • WDR closed inside but perhaps seem more long bias but perhaps TT
    • another inside day unlikely.
    • Early JUL –  Early SEP (AUG – SEP) is seasonal tendency for long uptrending.

 

NQ missed trade. Macro right before 4H H&L.

Indices Seasonal tendency indicates late-JUN selloff.

CL

Seasonal tendency for JUNE / JULY is consolidation. Late JUL / SEP uptrend.

GC

“From Early July to Early September: During this period, gold has shown a strong tendency to rise. Over the past ten years, 50% of these periods have closed positively, with an average return of +5.8%.” – Forecaster.biz

Details

Date:
June 5