The S&P Emini bounced back to the falling 20ema and is rolling over again. Very typical reaction when under the "falling 20ema" and coming back to it. The bounce back was over 45 points so despite looking like nothing but a dead cat bounce was a lot of points on the upside. Several other markets have also run up to their falling 20ema moving averages and rolled over again such as Gold, Silver, the Russell 2000 and others. The expression "Sell in May and Go Away" phrase wasn't coined because markets selloff all summer and into fall. Otherwise they would have coined the phrase "Short in May and Make some Hay". The May through fall time frame typically sees very choppy and erratic price action for a variety of reasons in most markets and can be very frustrating trying to trade them while getting whipsawed on both longs and shorts. So selling in May and going away does historically avoid this choppy time period. And then after a relaxing spring/summer one can get back to trading trending markets that typically develop once again.