Whether to buy the dip in U.S. stocks depends crucially on next week.


If next week’s SPX weekly close is above 7383, it might just be a false fall, and the market can continue to perform and dance.
If not, be cautious. A medium-term correction is highly likely to begin, with strong support around 6900. If it breaks below, it is most likely to retest the 6300 to 6600 range.
If 6300 cannot hold, the strong monthly support is around 5800, and it probably won't break below that; breaking below would mean the end of the bull market.
SPX-1.9%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments