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NASDAQ Seasonal MACD Update: Rebound Holds
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By:
Christopher Mistal
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June 22, 2023
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By the thinnest of margins, today’s NASDAQ rally kept our Seasonal MACD indicator positive following three straight days of declines. Based upon today’s close, NASDAQ will need to gain at least 123.46 points (0.91%) tomorrow, June 23, to keep its Seasonal MACD indicator positive another day.
Continue to hold associated positions in QQQ and IWM. When NASDAQ’s Seasonal MACD turns negative we will send an email to all active members. At that time, we will finish repositioning our Portfolios for the “Worst Months.”