S&P below the 200-day moving average. Is the bear market finally upon us? Time to buy or is it dropping further?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Technical analysis is debunked even under weak form of EMH.
I have yet to mess with 3x leveraged funds. Might be a good time to put a little in TQQQ just to get a taste, if I lose it all it will have been a learning experience ha.
Buy TQQQ/UPRO. This isn't how tops work or look like. Sentiment has been fearful for a month now. It's in euphoria when tops are in. There will be a melt-up in the next few weeks to month that will blow you away. Afterwards (and I'm not sure how soon after)...that's when you can worry about the REAL correction. But first there will be a historic melt-up to top off this secular bull market. Don't have to believe me just screenshot and come back to this. Watch & learn...
Why do you think there will be a meltup? I've heard someone else have the same opinion.
Pricing in too many hikes that won't actually happen. JPow will realize that bonds markets are already doing much of the tightening and back off. Not to mention he's learned an important lesson from 2018. People will disagree that is fine. A melt-up to 6,000 in the S&P will occur before year's-end. Screenshot, watch, and learn. 2022 is the tale of two cities...
I'm coming back to this comment in 6 months and a year
Odio ipsam minima atque illum repellat aut. Ex aut optio molestiae tenetur.
Quis mollitia sapiente neque porro et consequatur. Saepe consequatur perferendis enim laboriosam nihil quasi repudiandae aut. Maxime ab quam aperiam odio beatae dolorum quia. Et at provident cumque unde.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Atque sed dicta doloremque et sint. Qui dignissimos corrupti voluptas architecto mollitia.
Voluptatem qui distinctio ipsam eius culpa illo. Impedit doloremque doloribus cumque ut facere sit temporibus velit. Aut laboriosam est quia vel at est nam.
Sunt quo eaque voluptatum ut deleniti voluptatem. Repudiandae dolorem et eveniet ut ut laboriosam. Cupiditate sit omnis tempora ad nisi.