Chart Outlook: Head and Shoulders top in SPX may signal seasonal slide starting

May to June is the second weakest time of the year seasonally for stocks, hence the old market saying “Sell in May and go away”. In recent weeks, head and shoulders tops have been forming in the Dow and S&P which suggest the big rebound that stated in February appear to be running out of gas and a seasonal correction getting underway.

May to June is the second weakest time of the year seasonally for stocks, hence the old market saying “Sell in May and go away”. In recent weeks, head and shoulders tops have been forming in the Dow and S&P which suggest the big rebound that stated in February appear to be running out of gas and a seasonal correction getting underway.