SPX Long, Expecting a pullback in January 2020 and then higher
We have only a few trading days left in this year. Expect window dressing as end of year bonuses of CEOs and bigwigs in Corporate America get their Big Fat bonus checks based on stock share price. I have been thinking about this today of high risk of selloff sometime in first couple weeks of January. I just know how money managers think, and they will make up some headline as a reason to sell. This doesn't mean we crash, just a pullback. With Fed Chairman William last week basically saying he likes Fed Repo and it will continue as they still don't see where they should be at, so this means the dip will get bought up and we go higher. What does this mean to you? The risk of selloff is high within first couple of weeks of January, it may not happen but the risk is high, so I can tell you what I am going to do. I'm planning to trim some of my longs by year end, and planning to buy the dip. What you want to do is up to you. Just giving you heads up.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.