There’s an dark technical signal lurking in the shadows, which is an indication for the market to break from its range with a big move one way or another.
It happened on Friday last and only twice in over 20 years on the $SPX: The weekly 100MA has crossed over the weekly 50MA. The last two times this happened it ended up in a blood bath on the street.
Will it happen once again?, we need to wait and see but no harm in being prepared.As it is the market is running out of steam and needs to correct, and that too deeply.
Sell in May and go away seems like a good advise.
It happened on Friday last and only twice in over 20 years on the $SPX: The weekly 100MA has crossed over the weekly 50MA. The last two times this happened it ended up in a blood bath on the street.
Will it happen once again?, we need to wait and see but no harm in being prepared.As it is the market is running out of steam and needs to correct, and that too deeply.
Sell in May and go away seems like a good advise.