Week of February 16
When to buy the dip.
Recap of last week
We have called the market extremely well. We consistently, unwaveringly called for the breakout in the indices to fail everytime we approached 7000 and they have. Every single time.
Flashback to last week, recall on Friday the SPX posted a rare +2% up day. This got just about everyone bullish, obviously. We stuck to our guns and said more downside to come. Not easy to make a call like that when the market is ripping like crazy, but when push comes to shove all our calls are backed by cold hard market data and tons of experience. A week later all those dip buyers and bulls who bought in on that short squeeze day are down really bad.
Lets not forget, I have outright been calling for the breakout to fail for weeks now. I am not giving two scenarios like many furus, I am giving only one. And I have been right. Consistently, not just for a week or two here and there. I am not right all the time, but way more often than I am wrong, and I will always have a strong pulse on where the SPX is headed next and that only grows stronger as my years of experience continues to compound.
Next move for markets
