marketstrats

Many still calling for re-test of this shaded level

FX:SPX500   S&P 500 index of US listed shares
spx
Imagine the dip buying opportunity if that ever happened.
Like most of us, I use just about every idea, tool and indicator to help make judgments about what the market is likely to do. My objective is not to predict price, but to have a trading plan for that price. Because I am not fluent in EW theory, I follow several practitioners of the theory and they, as a group, are particularly inclined to think such an event will occur and back up their case with wave counts and Hurst cycle analysis. Should such an event unfold, it would provide traders and nimble investors unique circumstances to profit from the move down and offer most investors a uncommon buying opportunity. Thanks for sharing.
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