Pullback Long In The S&P 500

20 Agu 2020

Whilst looking for a pullback in equities may seem far-fetched right now, this idea is on the basis that it does. Whether it be a seasonality factor, some Dollar buying into the end of the month to weigh on equities or profit taking from the highs - 3300 looks a great area for the bulls to step in again. That, coupled with an expected Dovish FED meeting in September makes it an attractive place to get long with the expectation that we push on and make new All-Time-Highs. The Jobs numbers and Coronavirus headlines are seemingly doing little to dampen this run higher but it will be worth keeping an eye on the figures nonetheless.