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The market did, in fact, go where we were expecting it to go from July 9th, 2023's analysis video. But maybe you were not able to get in and ride it up. These would be the easiest ones that are in the chart. There are lots of other smaller time frame entries that could have been utilized. And if you don't see that, that's okay, it's because you're still learning. But this was a very fast market; it was doing very sudden runs.
In April we talked about how we like seeing the seasonal tendency that comes in the month of May leading into June. June typically makes a really strong low, and that's just about every single year. That one's really, really strong. But we like having a shorting opportunity going into the last week of April, going into May, and then the majority of May, we see some measure of selling. Well, this year, while we were anticipating it, the market internals did not present that idea. So while we were expecting and looking for it, we didn't do anything that would get us short and take a loss. We were seeing the market show us that it's not likely that the seasonal tendency was not coming into fruition this year.
This is approximately the third week of May and the third week of June. This right here tends to be one of the best times to be a buyer of index futures. So, if you're looking for a really strong mid-year point to buy if you are in a bull market that you feel is going to continue. Because we didn't see a seasonal tendency come to fruition here, If they don't form, that's telling you something. That's extremely fundamental to the next drive higher or lower.💎 If it's not moving in tandem with what you would expect in terms of the seasonal tendency, that means it's doing something opposite. So, if we're anticipating lower prices for ES or E-mini S&P and it's not willing to do this, that means we're extremely bullish.
You can grab the Seasonal Tendency charts over here. 👇 👉