Sunday, September 12, 2021

Is the market reversing?

Hard to say but this chart is interesting
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Hey There,

For the first time in a while, we had five straight days of the market turning sour.

People are worried…

Is the bull market truly over?

Let's talk about it…

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Bulls have been at the wheel for over a decade, with the only brief (but significant) interruption coming last spring at the start of the shutdowns.

But in the last few days, the S&P 500 has started to sour.

Now, the chart looks like this:

Now, you don't have to look far to see other pretty significant dropoffs in the recent uptrend.

We saw one in mid-July. We saw one in mid-August.

Now, we could be seeing one in mid-September.

In reality, there's no completely bear market and no completely bull market. The two forces are always doing battle. It just matters which one has control at a given time.

But, there are reasons to believe this could be a true reversal.

There's legitimate fear about the delta variant and some of the restrictions that might be coming.

And quite frankly, I've been expecting a turnaround for a while, because the market has been running so hard for so long.

But, here's the deal: it ultimately doesn't matter, because we're prepared either way.

We've got strategies for either outcome, which is why I don't spend a lot of time stressing about when the next crash will come.

And you shouldn't either. Especially on a Sunday!

So kick back, relax, and enjoy your day.

We'll know more about the market when the market is ready to tell us.

Happy trading,

Markay

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