Just a quick thought: $SPX hit a new 24-hour low, with the price at 0.3472. The previous low was 0.3507.
Whenever a new low is reached, people in the comments start calling it a buying opportunity. But in a weak market, a new low is often followed by another one. I usually wait for the price to get back above the previous low before taking another look—I don’t try to guess the bottom.
What do you think? Let me know in the comments.
#SPX
Whenever a new low is reached, people in the comments start calling it a buying opportunity. But in a weak market, a new low is often followed by another one. I usually wait for the price to get back above the previous low before taking another look—I don’t try to guess the bottom.
What do you think? Let me know in the comments.
#SPX
