Updated for buys on 1/18
The sell off last week was a classic profit taking sell off in an otherwise powerful bull market. Typically, selling in a bull market is steep in magnitude, but short in a duration. I expect maybe one or two days of selling early this coming week, then a run to set new highs for all major indices.
As I posted on my facebook page, I did not do my 3rd buy at 1806 as originally planned. My plan is to do my 3rd buy sometime early this coming week. I am looking for SPX 1776 as an entry.
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.