Retest of the lows / Play the correction or buy dips
Personally, I am a convinced bull. I see the major correction of the end of August as the previous corrections we saw in 2011 or even before in 1998 (see SPX and VIX in 2011 to see the similarities). We are more or less in the same situation today, and as corrections rarely make a "v" bottom (especially after such a sharp fall) I'll take my chance buying the dips.
Entry level 3050-3100
Confirmation point 3160, 2nd CP 3300
Stop 2930
1st Target 3400 (2nd not really defined, but I see 3800 for the end of the year or beginning 2016)
Entry level 3050-3100
Confirmation point 3160, 2nd CP 3300
Stop 2930
1st Target 3400 (2nd not really defined, but I see 3800 for the end of the year or beginning 2016)
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