Wednesday, August 10, 2016

Be patient

Mid-week market update: Is this the pullback and correction that I've been anticipating? If so, how far can it go?

Be patient.

Take a look at this weekly point and figure SPX chart. Is there any doubt that the intermediate term outlook is bullish?

While my inner investor remains bullish based on the intermediate term trend, my inner trader is cautiously bullish and not all-in as there may be some near-term choppiness ahead.

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