Ape

SPX is Likely to Retest the Highs

SP:SPX   Indeks S&P500
As we close the year with the biggest sell off in the last two weeks, I do believe the market, as it has in the past, will retest the highs before we see any substantial pullback. The market tends to grind higher when it has hit new highs. I would wait before initiating any shorts here as it can be a lot of whiplash around the highs. If however the market does continue to sell off, I will be looking for buying opportunities in the 2030-2010 range. Happy New Year everyone.

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