Yes, give us a couple of down days and the headlines start screaming about "Depression era" ..
"Sell in May" is possible especially after such a huge run in April. Is it just a correction or will this sell off snowball into an avalanche? I am looking at the short term support at 2790 and worst case the support at 2700 (which is the 50% fib retracement) before I err on the side of bearishness.
Let's see!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
"Sell in May" is possible especially after such a huge run in April. Is it just a correction or will this sell off snowball into an avalanche? I am looking at the short term support at 2790 and worst case the support at 2700 (which is the 50% fib retracement) before I err on the side of bearishness.
Let's see!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Nota
S&P tested the short term support at 2790 and rebounded from there. The rally is still intact so far!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.