When $ES_F get down to hourly lows on RSI (14) of 30, I will buy the dip and post here each time as well as the profit taking time. Not Financial Advice and do not follow, thank you
Tom Lee on CNBC a few days ago reiterated his $SPX 2H pathway (115 trading days left):
7,455 —> 7,700
7,700 —> 6,545-6,930
6,545-6,930 —> 8,000
So we still pump a bit between now and August ish. Have a quick steep drop of 10-15% between Sept-Oct ish. Then have a monster rally by eoy.
I’m just the messenger.
Notice how the market didn’t exceed -2% on the $QQQ
Remember that method I told you
When the market has a -2% day
That -2% move is what ends the bear trend most of the time
That -2% move is exactly what you wait for that exact day to buy
And that day was today at 4am in the middle of the night and at 10am this morning
$ES_F $SPY $QQQ #SPX
This is the Gap Up Monday portion of weekend stock action.
They are doing it today on Friday during cash market, so there is no gap left behind to close
Only Up baby