The market has gone virtually nowhere since March 1st and now we have matching sideways action from some solid old school technical indicators. As move into the latter part of the notorious “Sell in May” period we ask ourselves, “Is this the topping process?”
We are not expecting much more than a typical 5-10% summer/fall correction. But with all the turmoil surrounding Washington and President Trump, markets could get jittery real fast should economic data come in weak or for Wall Street to deliver some disappointments.
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References: https://stockaholics.net/threads/stock-market-today-may-29th-june-2nd.4625/

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