This chart of SPY (ETF for the S&P 500 - click to enlarge) suggests we are close to an important bottom. The MACD, however, indicates we need to be patient because major bottoms take months to complete.
What to do in the meantime? Do not commit all your cash in the next rally, no matter how impressive it may look. Save some liquidity for the real bottom. Why? Because investing is all about probabilities.
More, much more when you subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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