S&P 500 - Today proves it 3400 Aug and 3500 Sept
Today's massive rally proves the V recover just like the Trade War crash. The pattern from then matches this recovery almost exactly. I overlaid that recover on today and made some very minor tweaks for the exact numbers. I also looked at the last election and the S&P 500 peaked in mid-Sept and was kind of dead until after the election. Everything lines up perfect.
Sorry bears, but this is a new age. Those bulls were right, sigh. I was very bearish myself and missed out on a lot of $$$ always waiting for the other shoe to drop. I have 20% more then when I started in March, so go America! The good news is that there is still 10% more upside. If the pattern holds there will be a minor 2% correction. Don't waste it. More in the subsectors as they finish their pushes (maybe 20-30%).
Fed pumping billions of dollars and the death of fiscal conservatism (now its debt to the moon) has changed everything. The stock market is too big to fail. Buy what you can now before there is no upside left and the next (bigger?) correction comes next year (Feb?).
Agree or Disagree? Let me know.
As always, hope this helps and happy trading.
Sorry bears, but this is a new age. Those bulls were right, sigh. I was very bearish myself and missed out on a lot of $$$ always waiting for the other shoe to drop. I have 20% more then when I started in March, so go America! The good news is that there is still 10% more upside. If the pattern holds there will be a minor 2% correction. Don't waste it. More in the subsectors as they finish their pushes (maybe 20-30%).
Fed pumping billions of dollars and the death of fiscal conservatism (now its debt to the moon) has changed everything. The stock market is too big to fail. Buy what you can now before there is no upside left and the next (bigger?) correction comes next year (Feb?).
Agree or Disagree? Let me know.
As always, hope this helps and happy trading.
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