The overall stock market is expected to drop in the near future. This will either happen Tuesday or Wednesday. The S&P 500 has some historical trends based on the indicators and trends in the indicators. With help from the Elliot Wave analysis we can see that wave 3 has nearly fully formed. But lets look at the indicators and historical trends. If you look at line A where in the past the RSI reached above 70 and only lasted 8 hours until it dropped. At Line B the RSI has just been above 70 for 2 hours. Does this mean we have 6 hours until the next decline? 4-8 hours is a more appropriate time range and that is just a couple of trading days. I have evenly reduced my personal portfolio today to lock in profits and not let my portfolio take the hit when the market drops as I am focused on hyper aggressive growth. When the market drops I will buy back in just in time for my portfolio to continue growing.
Comment thoughts below!
Comment thoughts below!