In late winter, I mentioned Gene Inger's market maven commentary when he would warn of the Ides of March low by way of Houston.
We sure enough landed in Houston near mid March. Are we now headed to New York via NYSE highs by the Ides of May?
This novice T maker says: "Could be"... "Go Away in May" ???
(My simple T formula is based on the MACD of the NYUD, bottom indicator.)
PS: I have noticed NYUD extremes (small dots in top chart), usually indicate an extreme s/t sentiment condition, often reversed price soon.
(CAUTION: the end of day NYUD is seldom, if ever, the actual final reading)
Edited by Rogerdodger, 28 March 2023 - 01:21 PM.