It's possible the pullback or next leg down is postponed to August or the end of July. At least if historical tendencies / seasonality actually matters. The last 3 months of July have been mostly bullish. Of course there's the odd down day here and there, but seems like buy the dip may work a bit longer still. Last year the average RTH range in July was approx. 40 points as uncertainty still ruled the markets, i.e., covid. The year before it was about 20 points.
Got back and checked the futures. How'd I know they'd be flat lol? Go figure. A night made in @Rigshaw heaven maybe? One must wonder... ....where's the players?
Covered shorts this morning 1 es and 9 mes. In the process accidentally shorted 9 more mes instead of cover but worked out in my favor at the end. For now staying away from longs.
If the daily chart closes around this 4310 area, it looks like the same thing is about to repeat from May 10 and June 15..... Hard little 3% pullback before the next rocket up.