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!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.