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Brukks
Mar 17, 2023 10:10 PM

SPX long, then collapse Long

S&P 500 IndexTVC

Description

Lets try this again, 'Sell in May and walk Away' - i have a top around 4270-4300 occuring in the first two weeks of May, lets see how it turns out. Got the last one wrong, stopped out and played short for the last few weeks, back to bullish bias.

Comment

We broke out, lots of accumulation around 4160, 300pt move, feels like we will build out a top here before we head back to 4300, break of 4300 will take us to 4160. 4500 above looks like a logical target if we have not already set a top
Comments
mjcpaull
It's "Sell in May and Go Away" - being the beginning of the English summer / end of spring - "come back on St Ledgers Day" being the St Ledgers horse race - dates back to 1745 - marks the end of the UK summer .... by way of background
DaddySawbucks
Three Drives. Great idea imo, seems likely.
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