Bullock, enjoy the next few weeks.
Why? Well, according to “famous trading expert” Larry Williams and his reading of this chart, the end of the month could also mean the end of the rally.
Williams noted the seasonal pattern of the market to complete its course, noting that July is a strong month for the stock. So far, it survives until its historical billing.
CNBC’s Jim Kramer highlighted the charts on Tuesday during his “Mad Money” show.
He said that chart S&P, as pointed out by veteran Larry Williams, suggests that S&P may climb another 4% or 5% in the next two weeks, but is expected to arrive on July 28, he said, adding that the market would begin to slide. . “Given that the extended unemployment insurance benefits from Washington are expiring at the end of the month, well, I wouldn’t be surprised” if his call comes true.
For more information on the chart, watch this clip:
Cramer did not reveal much about how bad the pullback investors would feel or if it hit at the end of the month, except to say, “It’s probably too soon to tell, but [Williams] Doubt the rollover will hurt, as many people are “too long on equity.”
Not much pain in Wednesday’s market with Dow Jones Industrial Average DJIA,
, S&P 500 SPX,
And the Nasdaq Composite Comp,
All entry benefits.