jmtbernardo
Long

SPY S&P500 (Montly) No confirmation of a pullback.

BATS:SPY   SPDR S&P 500
375 0 0
Although lot of people are scared of the peak pattern from prior trends (Sell May and run away.) Candle sticks are not giving confirmation or any kind of warning that we gone have a pullback. Patterns and statistics are tools to help us trade, but traders should not really solely on specific few tools. Always you variety of tools to confirm your hypothesis. In addition, we continue to make higher highs and higher lows.
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