I hope you are having a great start to the month of November, winter is around the corner :) Great time to get outdoors and gather the little sun we have available for us.
On this trade I believe there is another opportunity to buy in lower. I am looking for a retrace of SPX to go down to 3332.2. SPX had a great run last week during the elections and I believe it needs to consolidate more before getting the energy to move higher. Yes it is currently sitting above its resistance point of 3546.6 however I do not think it has enough energy to stay there.
I sold some of my portfolio yesterday which included stocks like: LCTX STRA ZYNE
I will look at buying more stocks when SPX shows a little more strength in its retrace.
Until then have a wonderful week, happy trading & happy self care!
SPX Still has some steam left in its trunk - I am still not sold that we wont see a little correct however will wait to see what happens closer to 3700
SPX Still has some steam left in its trunk - I am still not sold that we wont see a little correct however will wait to see what happens closer to 3700