S&P 500 and Nasdaq


If they can't pull back to previous highs in the short term
it's basically a downtrend
then it comes down to whether we see a crash or a gradual decline
on smaller timeframes you can watch the rebound effect to confirm the second high point
and then
don't think about going long until we break out of the downtrend
but looking on the bright side
every major pullback in US equities has historically been a good buying opportunity long-term
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