Five consecutive losing days is a rare bird historically on the Dow, so the normal expectation would be for a rally attempt.
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The market could be in a similar position again going into the anniversary of the 1929 top.
It looks like a break below 1,698 will be a first sign of great expectations not materializing.
The Sell In May Vigilantes caught up with Mr. Market soon enough, putting a nail in the market on May 22.
With the S&P 500 up about 10 percent since self-help author and success coach Tony Robbins issued his economic warning, it's only natural to question the legitimacy of the rally.
Strategist: "We may be on the verge of a powerful stock market rally."