Yeah - most people that had been waiting all day for a bounce sold into the close.
Im short and it finally feels right. The double top above 5500 doesnt look good. See where support lies. 5100 or 5020 are the targets to the downside and 5540 ish topside.
US markets now have a lot of room to move on the downside. We never got back up like they did so we could retest our March low if they fall hard.
My stop loss is trailing 2% so 105 pts = 5350 currently.
Friday, 1 May -- Sell in May and Go Away, page-128
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