I think a post calling for a rally would have gotten a lot more credit if it ended with…
“….here’s the rationale for my call. “
I bought SPY yesterday morning, made 6 points , and got out. With on,y 15% (at the time) of $SPX stocks trading above their 50 day MA, it seemed like a no brainer. It wasn’t because Putin invaded. It was indicators.
if I would have held thru today would have made a bunch more, but don’t care, I made money and intended all along for it to be a day trade.
the question is, what happens next? Maybe another thread. I think we bounce around at best. Market needs a lot of repair work before we get another extended bull run.