There is a time when 'in-action becames the best action'
You might thinking to "Sell in May and go away"...
I don't think so, at least not now, because, most part of the damage has already been done.
Just waiting for one important signal to prevail, ... it's not a signal from TA..
Today, TA doesn't help to decide what type of action to take in the market...
There is one very important signal worth waiting before taking any action. That's the US Fed meeting decision about interest rate. If, the decision is:
= Rate cut (unlikely), the market would pump.
= Rate hike (possible), the market continue bleeding for days. That's a cue to follow a "May" history...
= Rate unchanged (most likely), there will be little turbulence but will not brutal.
Until then, appropriate action will be
in-action!
