S&P 500 Bull Market Back On?
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SPY has retraced over 50% off its Corona Fall - and done it quite confidently.
- Fastest Bear Market Dip and Now the Fastest Bear Market Recovery - it can be a pretty hard pill to swallow especially when there is still a full blown health crisis going on. However markets don't always behave the way we want them too.
- Right now - we remain long in this market and will be adding to this position on further dips. We think the previous highs are a logical target and a path has been set in our linear channel.
- We are currently at the 200d Moving Average with bullish divergence kicking in strongly. We will be moving more money into equities across the board if we cross the 200d MA.
- if anyone's interested we've done a mini piece on where market valuations are at the moment - basically not cheap but not extraordinarily (bubble-ish) expensive either. tuhicapital.com/post/us-market-valuations
SPY has retraced over 50% off its Corona Fall - and done it quite confidently.- Fastest Bear Market Dip and Now the Fastest Bear Market Recovery - it can be a pretty hard pill to swallow especially when there is still a full blown health crisis going on. However markets don't always behave the way we want them too.
- Right now - we remain long in this market and will be adding to this position on further dips. We think the previous highs are a logical target and a path has been set in our linear channel.
- We are currently at the 200d Moving Average with bullish divergence kicking in strongly. We will be moving more money into equities across the board if we cross the 200d MA.
- if anyone's interested we've done a mini piece on where market valuations are at the moment - basically not cheap but not extraordinarily (bubble-ish) expensive either. tuhicapital.com/post/us-market-valuations
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