July09: Recap

3 Aug

The month of July was quite bullish, however the decline in volume continues as the summer begins to wind down in the coming month. While some of the volume decrease can be attributed to the summer months, it will be crucial to watch what happens when big money steps in again in September. The S&P, Dow, and Russell are all hovering around their 38.2 Fibonacci retracements, with the NASDAQ approaching its 50% retracement level. Tech being a leading indicator, we anticipate the rest of the top line figures to follow suit.

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