Stock market gift giving season
were entering the Santa rally
I think the new 80 day cycle is in, but is just advertising lower prices here for dip buyers. As far as I can tell, they are here and can be expected to hold their positions. If Im wrong, it is a small stop of less than 2%
It hasn’t broken the weekly low, so a stop can be placed at SPY 0.00 $393.00 with a buy at 400.00 and a target of minimum $410.00 on momentum movement expected to the upside thru the new year.
The 7 points is enough risk to test this buy channel thats forming.
I dont think price is going to break the bottom trendline on the daily chart.
*not financial advice