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SMLL - Technically Speaking: Will The Market Retest Lows This Summer?
Direxion Daily Small Cap Bull 2X Shares
Will the market retest lows this summer? In this past weekend's commentary, I discussed the end of the seasonally strong period for the market.
"Despite the sell-off on the last day of April, the Best Six Months has ended on a positive note, registering the best month in decades and the best April since the Great Depression." - Jeffrey Hirsch, Stocktraders Almanac
As noted, the primary seasonal signal has not crossed into negative territory yet but seems to be heading in that direction. If we keep grinding sideways for a few more sessions, it