Buying Dips?

I see this dip is likely to be bought as the bull run is far from over....................

Edited by redfoliage2, 12 July 2024 - 09:30 AM.

I see this dip is likely to be bought as the bull run is far from over....................

I'd not be surprised to see SPX new highs as soon as next week ..........................

Edited by redfoliage2, 12 July 2024 - 09:33 AM.

VIX tanking today meaning lots of buying on the dip.  Let's see if the buying can keep going in the afternoon  ............................

Edited by redfoliage2, 12 July 2024 - 10:30 AM.

The bullish configuration of the MacClellan summation index indicates that the bull market is likely to move much higher from here in the next few weeks ...................... 

VIX tanking today meaning lots of buying on the dip.  Let's see if the buying can keep going in the afternoon  ............................

It looks the dip buying continues as VIX going even lower...........

Edited by redfoliage2, 12 July 2024 - 12:26 PM.

 

VIX tanking today meaning lots of buying on the dip.  Let's see if the buying can keep going in the afternoon  ............................

It looks the dip buying continues as VIX going even lower...........

 

Now VIX trying to bounce up, likely there will be some profit taking late in the day .........................

Edited by redfoliage2, 12 July 2024 - 01:20 PM.

Late day profit taking as I warned.  But this dip is likely to be bought Monday, maybe even sooner on the futures market.........................

Edited by redfoliage2, 12 July 2024 - 02:56 PM.

Late day profit taking as I warned.  But this dip is likely to be bought Monday, maybe even sooner on the futures market.........................

BTW, Powell will be giving a speech next Monday.   Recently, stock market goes up with what he says ...................

Edited by redfoliage2, 12 July 2024 - 03:01 PM.

The market just kept going up while rotational games were played back and forth with each dip getting bought.  This is unlikely to stop before Sept - Oct.  If the Fed don't cut by that time we may see a correction. I'd not be surprised at all to see SPX 5700 as soon as this week ...................

Edited by redfoliage2, 15 July 2024 - 05:37 AM.

But this is a litle strange - currently SPX and VIX both going up.  The market may be running into a ST problem  here........................

Edited by redfoliage2, 15 July 2024 - 08:59 AM.