Sell in may and look away theory, is it true?
well lets take a deep dive and look at this chart, which I have added vertical lines for every month of may from start of time to current time.
Few things I noticed is, in 2013 you can see it went down, up down then 2014 continued going down again. In 2019 May we pushed higher then back down followed by a nice green wave into 2020.
Overall we do not really see more then two consecutive red waves, and it is followed by a nice green wave, which has me leaning towards that after this May we should enter the start of a green wave.
What are your thoughts?
well lets take a deep dive and look at this chart, which I have added vertical lines for every month of may from start of time to current time.
Few things I noticed is, in 2013 you can see it went down, up down then 2014 continued going down again. In 2019 May we pushed higher then back down followed by a nice green wave into 2020.
Overall we do not really see more then two consecutive red waves, and it is followed by a nice green wave, which has me leaning towards that after this May we should enter the start of a green wave.
What are your thoughts?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.