Although stocks are up 100% from their March 2020 lows and up 200% from their 2000-2008 peaks, I still think there is an even bigger move coming. The way the system is structured and the direction the world is heading are all telling me that we have more upside. But will there be a break? I think there will be, but it will be a buy the dip opportunity.
In my opinion the SPX500 has a decent chance of having a 10-20% dip before the end of the year as the last two major dips it had were in Sep-Nov 2020 and the market is already up 30% above its Feb 2020 highs. So having a decent correction wouldn't indicate a bear market. After the March crash I doubt we will see a 30-50% correction in quite some time.
However once SPX starts reaching 4500-4800 I believe it will pull back down to 4000 and could even get to 3600. So the first dip to buy is 4000 and then the next one 3600. Getting to 3600 means that the vaccine/election pump has fully retraced and that would be a great place to buy.
In my opinion the SPX500 has a decent chance of having a 10-20% dip before the end of the year as the last two major dips it had were in Sep-Nov 2020 and the market is already up 30% above its Feb 2020 highs. So having a decent correction wouldn't indicate a bear market. After the March crash I doubt we will see a 30-50% correction in quite some time.
However once SPX starts reaching 4500-4800 I believe it will pull back down to 4000 and could even get to 3600. So the first dip to buy is 4000 and then the next one 3600. Getting to 3600 means that the vaccine/election pump has fully retraced and that would be a great place to buy.
