ES right up against the top of this resistance along with a Demark 13

https://www.tradingview.com/chart/WVDTpjM0/ 

regarding the custom Sell in May and Go away statistics with the MACD buy and sell filter -here's the Tradestation statistics on that strategy, not bad PF of 6.3. 

I'll do a video on this sometime, I need to add the historical interest rate on Tbills for the other 6 months when one would be in cash earning interest

anyway the sell in may and go away is not a strategy that fits my personality and style, I simply find it fascinating from a mathematical standpoint how the majority of the market gains have been made in those 6 months of the year, while the other 6 months lost money over 75 years

here's a chart of META with some resistance levels: Fibs, candle lows and ranges above from May - April, and downtrend line from the highs

if you look at a 60 min time frame, the bounce still looks okay like it can have further upside - I would prefer to see it go to higher price levels near those big important levels. track 60 min, 15 min time frames for patterns, divergences etc

AMD - Chart Link nice bounce off that demand zone, which is why I added it to the longs watchlist last week

today price stalling at a logical place at the downtrend channel line and 20 day MA

ADBE - Chart Link got close to that symmetry target, lock in some gains

GCT - Chart Link-

SLQT - Chart Link-

GPS - Chart Link-

BIIB - Chart Link-

FUTU - Chart Link-

thank you, and it's a good example of why trading is not black and white like a math equation: There's all sorts of variables that come into play depending on trading style, goals, risk tolerance, emotions, etc - all these decisions one has to make that can be difficult at times -  and you have all that human emotion coming into play to cloud your judgement 

to me it's always far easier buying into a position than it is exiting/selling - exiting is always the toughest part, where to exit, exit all, exit part etc

I still have to say, those sell in May stats always blow me away how basically all the money in the market has been made in one 6 month time frame of the year

$10,000 starting in 1950 turned into 2.8M in the good 6 months of the year, and instead if you had invested $10,000 in the other 6 months of the year, your actually lost money, your $10,000 after 75 years turned into $7000! That's just insane to me

it's not really a strategy I could follow personally myself, to me it's more fascinating just form a math/statistics standpoint. But someone who doesn't look at the market at all and is pure buy and hold, could follow it. 

Also - what I don't show and will try to put together is that one strategy would be to be invested in those good 6 months of the year, and in the other 6 months invest that money in Tbills or Money Market and make interest - I did that calculation once in the past and instead of your $10K turning into 2.8M, with compound interest it would be more like 7.5 million! 

FUTU - Chart Link- been a nice move: Again you have to determine what your time frame is on this. I'm trying to hold a piece longer term for now. But clearly it's given a very nice initial percent gain from that trendline break trigger - a short term trader could be happy locking in profits now and moving on. Another trader might want to hold it for potentially  move up to the low 100's in that next resistance zone. 

or another trader could do a hybrid approach: an example would be if they bought 100 shares, sell 50 or 70 of those shares and keep 50 or 30 of those remaining shares for a bigger potential swing

yep, and again that bounce from last week was from a small support zone inside that thin zone - price bounced perfect off it, otherwise it could have fallen into that thin zone into the low 50's. Now pulling back testing that broken downtrend line - 4hr chart

CEG - Chart Link-

SLQT - Chart Link- 

NVDA - Chart Link

$SPX - Chart Link- again that open gap above is likely a magnet.  wave 3 or C

$SPX - Chart Link-

URA - Chart Link-

URA - Chart Link-

SLV - Chart Link- nice bounce, did anyone dip their toe in last week on that abc pullback near the 50 MA?

GDX - Chart Link-

GCT - Chart Link-

FUTU - Chart Link-

UNG - Chart Link-

I updated the sell in May and go away stats spreadsheet, the stats always amaze me for their simplicity and how much of a difference it makes

Basically, the markets have made the vast majority of their gains in one 6 month time frame of the year (typically mid Oct/Nov - to end of April)

From 1952 - present. The sell in May and go away, without the MACD filter you buy on November 1st, and sell on April 30th the next year.

using the standard MACD settings you look for an earlier buy starting from Oct 16th, instead of waiting for Nov 1st, if the MACD crosses above its signal line you take the long.

for exits you start looking for a MACD cross from April 21st onward. 

Statistics: 

- Best 6 months:  starting with $10,000, this turned into $2.85 million

- Worst 6 months : starting with $10,000 this turned into $7254!  Basically after 75 years you lost $2800! While in the other 6 months your $10K turned into $2.8M!