To The Moon

$SPDR S&P 500 ETF Trust(SPY)$  $SPDR DJIA ETF(DIA)$  $Invesco QQQ Trust-ETF(QQQ)$ rallied and made new highs as inflation cools but remains above 3%, above the 2% target of the fed. spy, dia and qqq are the etfs of spx, djia and compq indices respectively. from the pnf charts you can observe that they have rallied far from the blue uptrend line as the market expects a rate cut by the end of the year. however, when the stock price veers off too far from the blue support line, it will restore balance and result in a correction. a bull market will last for many years and it will be punctuated by many corrections. corrections are a fall in stock prices of about 10%. 

from the pnf charts of spx, djia and compq, the indices might correct to 5383, 36,500, 16,737 respectively before continuing the bull rally. 

when markets recover from the bear market, it is normal for the stock prices to rally strongly and veer far away from the blue support line. 

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci beaucoup@TigerStars  @TigerWire  @koolgal  @Asphen joyeux anniversaire ! dix ans