@Samlunch:Likely we will have a small pullback. Based on statistics, there are on average 3 pullbacks of 5% a year and on average 1 pullback of 10% a year. Expect a slight pullback then be ready to go long once we see a bullish candlestick pattern. Lets all huat together!
@Dan1192:$S&P 500(.SPX)$ has had a bad day yesterday as we know it, probably triggered by the latest inflation related news. I may be wrong, but I will be surprised if this is the start of the reversal. Rather than a technical analysis, I will explain from a macro level perspective. Everyone had a good weekend, it was the superbowl, it is the start of the Lunar New Year, Joe Biden posted on Tiktok, new Marvel deals, it's the Dragon year, more Feds on a 'no landing' Feds outcome, etc. As hard as it may seem to be, this is a temporary pullback, everyone is ready to move on again, everyone has accepted the inflated prices, the shrinking portion, the dystopic reality. The emotional buying and spending i