stockitrade
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- 2013-05-13
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Last day of the month, the S&P took a nose dive and accelerated lower into the close. If you can see the chart, the 15 minute period chart of SPY got a break below the upper-level wedge pattern that was developing in the past few days. Looks like, this year, Sell in May, go away could prove to be wise words.
The S&P had a really tremendous run since the beginning of this year, we would like to see the market consolidate some recent gains and maybe even have a June Swoon over the summer season. All in all, correction is healthy for a bull market.
The S&P had a really tremendous run since the beginning of this year, we would like to see the market consolidate some recent gains and maybe even have a June Swoon over the summer season. All in all, correction is healthy for a bull market.
