Sunday, July 22, 2018

Stock Market Breakdown ... Or Breakout?

It's been a little over 6 months since the most recent correction began in January '18. I know some still believe the market is in correction and will test the previous lows and may even breakdown.  However, with the market only about 3% below previous highs the recent correction possibly ended in March '18. 

Since the average time for a correction to reach a new high is 4 months (which is the end of July '18), I'm thinking there is also a good possibility of a breakout.  In my opinion, the market is more likely to advance over 3% than decline 8% in the next few weeks.   

.Breakdown or breakout?  I planning on a breakout.

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This is not financial or investment advice. Please consult a professional advisor.

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