Yesterday I examined how and why a bounce from here might happen. Today’s follow-through helps. It’s not lighting the world on fire. And the action was very choppy while we wait on the Fed tomorrow. But it's still positive. We can never know if bottoms or tops are in until well after the fact. But we do know that for now at least, this is a bounce in a downtrend. So what’s next if the bounce can’t hold up?
SPY to $380?
SPY to $380?
SPY to $380?
Yesterday I examined how and why a bounce from here might happen. Today’s follow-through helps. It’s not lighting the world on fire. And the action was very choppy while we wait on the Fed tomorrow. But it's still positive. We can never know if bottoms or tops are in until well after the fact. But we do know that for now at least, this is a bounce in a downtrend. So what’s next if the bounce can’t hold up?