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OK, the month end seasonality didn’t work this time. So neither will be the very very bullish Monday? Anyway, there’s no proof yet the very very Bullish Monday had stopped working, at least according to the Stock Trader’s Almanac , first trading day in June, Dow up 9 of last 11.
The bottom line, although no follow through for yesterday’s huge up but there’s no technical damage yet on the SPY intraday chart. I guess we still could see some push up ahead. Enjoy your long weekend!