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On Tuesday the stock market traded to within a fraction of our ideal projected low for this “correction”. Earlier today, I recorded this new video where I provide you with a case for long positions in the S&P 500, should we see the right type of trade action.
As I write these words, the September S&P 500 contract has declined to as low as 1,016.00 in this evening electronic session. If the current decline to new lows is followed by a reversal higher will issue a major buy signal.
This same pattern has occurred in 25 of the last 28 corrections since futures began trading in 1982. On this basis, we have subscribers poised to enter both long speculative and investment positions.
Wed, Jun 30, 2010
Recent Videos, stock market