Seasonality ends for June somewhere around the FOMC statement with a slight pullback into the end of the month. This looks like a classic blowoff wave here and we may need to come back to test previous support.
I predict that the buying frenzy into this FOMC statement in tech and banks was predicated on national reopenings as well as the seasonal effect in election years.
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DJI in election years shows a slight pullback near the June FOMC into the end of the month before resuming the buying trend.
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Yield curves are dropping fast today with seasonality, not good.
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Bond 10YR seasonality shows a big buy around the June FOMC into the summer
Trade fechado manualmente
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Trade stopped out break even. Short tech, get wrekt.