Toppy or Readey to Rock

920 in ES has been a pivot in the past and the market seems strange at that level once again. However shorts seem real dangerous. Does anyone have a clue for direction the rest of the week?

 

Likely Up AND down.... into expiry, with bias to upside. But lately my dartboard has needed repairs.

Ice

 

If we supply the clue, do you have the Answer?

 

Never sell 'em when sap is running up the trees.

 

I'm watching the upcoming window dressing for a chance to short into the last gasp of the bear rally.

 

does the old wall street sage "sell in may and go away" apply this year?

 

It seems that pre-summer, i.e. May is usually a counter trend trade. Sometimes you get those slow grinding summer rallies after Jan-May weakness. But given that we're going up now, I'd say the odds of a corrective summer are increasing.