Sell in may and go away
...Imagine if...
- SP500 peaks right below 4500
- Head And Shoulders price target at 1.0 Fib Extension from march 2020 lows
- New money will be told the old saying "Sell in may and go away", and will not fear that a bearmarket is slowly starting
- New money will buy in all summer, providing liquidity for larger players to exit
- New Lower High will be made Late Summer/Early Fall 2021
- Lower Low will be made, new money still in denial
- Will keep buying stocks after a bounce made after first lower low
- Another Lower high is made
- Multi-year bear market begins
- Stock will become "boring" again
- SP500 peaks right below 4500
- Head And Shoulders price target at 1.0 Fib Extension from march 2020 lows
- New money will be told the old saying "Sell in may and go away", and will not fear that a bearmarket is slowly starting
- New money will buy in all summer, providing liquidity for larger players to exit
- New Lower High will be made Late Summer/Early Fall 2021
- Lower Low will be made, new money still in denial
- Will keep buying stocks after a bounce made after first lower low
- Another Lower high is made
- Multi-year bear market begins
- Stock will become "boring" again
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