92% Up Day for S&P 500
The S&P 500 posted a 92% up day on Friday the 4th day with at least 90% advancing volume since the June low.
Everyone loves to be a bear, but I continue to believe the lows are in. Inflation has peaked and the Fed is being aggressive to ensure that remains the case. Everything else is already priced in.
We also held the 3900 level which was crucial. This is where stock broke out from in July to confirm the end of the bear market, and that level held on the retest earlier this month.
I'm a buyer.
Everyone loves to be a bear, but I continue to believe the lows are in. Inflation has peaked and the Fed is being aggressive to ensure that remains the case. Everything else is already priced in.
We also held the 3900 level which was crucial. This is where stock broke out from in July to confirm the end of the bear market, and that level held on the retest earlier this month.
I'm a buyer.
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