17 May 2021, 10:27
As Coronavirus cases surged around the world, the stock markets had a slight wobble during the week. This has led to many experts in the investing world calling for a deep drop during the traditionally bearish month of May.
As you can see in the chart, we broke down below the blue support line but rebounded with the newly-drawn orange support line which could keep stocks up for awhile. In fact, many stocks are now sitting on their support lines.
Could the “Sell-in-May” be over? Or is it going to keep dropping?