Sell in May, 10 May 2023

🖼 Daily Technical Picture 📈

➤ Yawn!!! 🥱. That's all for today's description of price action. See you on SeePI Wednesday...

➤ Now I fully comprehend the adage "Sell in May and Go Away". Because nothing happens in May. May as well cash out and earn some juicy returns in a money market fund at 4 or 5% pa.

➤ Let's see if CPI numbers present some volatility (and oh that debt ceiling drumming is getting louder too)

➤ Conclusion: 🐆 Trading is 99% boredom

EQUITY TREND:

⦿ Short-term (weeks) - NEUTRAL
⦿ Medium-term (< 6 months) - UP
⦿ Long-term (>6 months) - DOWN