Madrid
Short

Sell in May and Go Away

INDEX:VIX   CBOE Volatility Index
111 0 3
$VIX has been consolidating with a support level of 12. The patterns indicate that it started an uptrend that may end up breaking out the triangle around the month of May. $SPX             has reached its upper level channel, turning the position into a upper pivot point that could start a downtrend, either a correction or a bouncing around the 1850 level. The international events and the uptrend in $GLD are good reasons for a sell off in the market.

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