$SPX Trading Bible

$SPX Trading Bible

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$SPX Trading Bible
$SPX Trading Bible
Week of September 9
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Week of September 9

More downside coming. But time to buy soon.

Frank's avatar
Frank
Sep 08, 2024
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$SPX Trading Bible
$SPX Trading Bible
Week of September 9
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Recap of last week

Worst start to September in 23 years. Not many were expecting this, myself included.

With great volatility, comes great opportunity. What were the last major selloffs? April 2024, August 2024, October 2023.

April - 4920 SPX rallied to 5670 in 3 months

August - 5120 SPX rallied to 5650 in 1 month

October - 4100 SPX rallied to 5260 in 6 months

I love nothing more than huge selloffs. In the moment I usually lose money, as almost everyone who is net long does, but it brings a moment in time where those who are knowledgeable, experienced, and brave enough to lever up to make gargantuan returns.

The market is in absolute puke mode. Its probably going to keep puking for a bit longer, than the dip buy opportunity will be life changing money if you lever up at the right time. We were right there at the right time for every single significant market bottom the last 2 years. We will be there for this one too.

Next move for markets

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