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Sell in May and go away did not work this year, so far. May was an ugly month, but June has brought a powerful rally in the stock market. Last week, the E-Mini S&P 500 futures contract demonstrated how strong the price action in stocks has been.
Source: CQG
As the chart highlights, the futures contract put in a bullish key reversal on the weekly chart for the week of June 3. While the price action came on only average volume, which is a cautionary sign from a technical perspective, the jury is still when