>>> Broader stock market is looking ominous, and the S+P 500 could fall through key support soon. It tested the key 20% bear market level (~3855) last Thursday and bounced, but I figure this time that support will likely fail. If so then next support should be ~ 3600, based on the chart.
Still early, but I'm working on a strategy to gradually re-enter the stock market over the next 6 months or so, using a daily/weekly incremental cost average approach. Small amounts each week spread out over time. Starting to see some nice bargains out there, but still early. With a recession, I figure we may see the S+P 500 at 3400 or lower. At 3400 the total drop from the Jan high (~ 4800) would be only 29%, so the bottom could be lower, but 3400 may be close enough. Time will tell..
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