I would be wary of buying new stocks until the market has run aground on support and gives good signs of rebounding.Yes, the S&P500 is indeed on its way to the bottom of Weekly and Monthly Support as I had predicted. Still I will not take any credit for understanding what the catalyst was except that it was near Resistance and was very likely to drop soon. I believe that spring is historically a low time for the SPX from what I have heard. The data reports have seemed to generally be mixed lately. I believe the SPX will continue to drop to Weekly or Monthly support levels and then hold and rise. If you have any questions, take a look at 'My Prediction' recorded in the last two posts. It will give you a much more detailed explanation!
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