Trading Ahead of Independence Day Holiday Usually Bullish

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It is not much of a surprise that the three trading days ahead of the Independence Day holiday have a bullish bias over the past 21 years. In a typical year at least 2 of the 3 days are in July and include the first trading day of July which has a very bullish record by itself. This year the holiday lands on a Tuesday so two of the three trading days before are actually the last days of June, but the end of the month usually finishes well with NASDAQ and Russell 2000 leading the advance.

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