The minute counts on the SPX though might not be as important than what is forming on a bigger picture, and no matter the count there is nearing an end to the run based on its wedging pattern in major indexes.
MT: UP
ST: UP
PA: UP
Friday, 15 May 2015
15 May 2015 - Sell In May? Don't Count It Out..
Looks like sell in May is looking like bad theory, but there is still a few more weeks left. The SPX has remained in OB for the whole day yet it has not made new highs like the ES. This is concerning for momentum especially when a signal sits on OB and price does not make new highs or accelerate.
The minute counts on the SPX though might not be as important than what is forming on a bigger picture, and no matter the count there is nearing an end to the run based on its wedging pattern in major indexes.
MT: UP
ST: UP
PA: UP
The minute counts on the SPX though might not be as important than what is forming on a bigger picture, and no matter the count there is nearing an end to the run based on its wedging pattern in major indexes.
MT: UP
ST: UP
PA: UP
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