Are we bag holders going long? Surely, it seems that way and feels that way, but there is no reason to go short. I anticipate that going into 2019, the short, bears and doom-sayers will be caught in a trap.
The SPX500 drop is an opportunity to go long. First, I did a daily analysis, then a weekly and now a monthly analysis.
Monthly: MACD still positive Stoch oversold Monthly supports still intact
RSI dipped below 50, so, we wait to add more to the long side week the weekly steam picks back up.