As long as $S&P 500(.SPX)$ remains above 5283, we should produce a higher high targeting 5335-5350.
If so, that should terminate the bearish B-Wave or bullish Third Wave.
However, the loss of 5283 should lead to 5240-5211 support, which is also the area of interest following a rally to 5335-5350.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $E-mini Nasdaq 100 - main 2406(NQmain)$ $Invesco QQQ(QQQ)$
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Will You Sell in May or Stay in May?
With share markets enjoying a strong start to the year, investors are considering whether it's time to take profits.
The adage “Sell in May and go away” often resurfaces in late April/early May.
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