The last 10 min we traded to the downside aggressively which caused a spike on the #VIX, this is insignificant for the long term strategies but I need to mention that it will be better for bulls if we end May with a positive day.
The long term chart shows a great month of May and a positive last week as we commented on the weekend videos. The portfolios will end up the month of May with a positive return which I will post the data in about a week as soon as the broker confirms the statements.
#SPX is strong in the week and in the month; for June there changes that we trade lower of sideway. The 1900 level will be key to determine stop losses and take profits.
Over the weekend I will give the monthly view on the weekend video. For those that are new, please send me an email if you have questions.
This is the chart on a daily basis which confirms the market had a spectacular May after it broke the range we mention in March.
