I haven't posted much because our first child, Ethan, is due on Thursday.
My last post was about "Sell in May and go away." Well, the market hasn't shown much selling lately, but there seems to be a Battle Royale at the top of the $NDX Ascending Channel. Here is the chart:
The $NDX has neutralized its trend and just doesn't seem to know what to do. The MACD suggests that a downturn may be imminent, but this market has seemed to have a mind of its own. For all the "bad" news that has been tossed around (the Fed pausing again notwithstanding), I am surprised the market hasn't begun selling off into summer...yet.Anyway, hope y'all are well and Happy Trading!
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