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"Sell In May" Strikes Once Again - S&P, Dow Plunge Into Negative Territory For 2016

Once again a late-day miracle VIXtermination-driven bounce "off the lows" is erased on heavy volume selling.

 

With the S&P breaking key technical levels, only Dow Transports remains in the green (up less than 1%) for the year now as Fed speakers pile on the hawkish tone...

 

As "sell in May" strikes once again...