First, let's get to know some facts about the July Calendar Range. The Six-Month Calendar Range has the following characteristics:Overall, we look at 2 simple things.
That tells us that the small caps and retail could easily continue to lead the market up or at least outperform the QQQs and SPY.Then, we will watch for any failure of the July range high. For now, it seems that QQQ and SPY are overdone. With a new bifurcation in the overall market, it is important to know where the calendar range sits in any instrument.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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