I've seen the market take a big drop on the 1st trading day of the month in the past but that's only been when the market was smack in the middle of a stock market correction.
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So it looks like we are not quite in bear territory, right? Or well, I guess we need to wait until Wednesday to see?
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Sooooo.... if the market has a good day tomorrow and goes above the moving average and into buy mode instead of sell . Does that mean we are back in a bull market?
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Based on pattern which is always my best indicator I think S&P 500 will reverse tomorrow and start trending up. I believe it will go just over $4,000 before breaking down and making a quick drop out of the bearish ascending wedge. From that bottom we continue up until major 📉 Q4
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