Looks like the Wall Street passage, "sell in May and go away" is now on-going?
I guess that's what the chart shows (below).
In this no-brainer trade, sell in the open and cover in the close is the typical Wall Street modus operandi.
Friday's market activities is all about distribution.
The bulls are all on the run and the bears are celebrating in total pandemonium.
I suspect it will be the bears that will control the market in the days to come.
Unless the bulls can take more print money from Uncle Sam to buy the market, it might struggle further.
Let's see how the long term investors reaction.
As for traders, let's take all the opportunities that the market offers on a daily basis.
