A diary of the thought process behind my investment decisions
The current correction should find support between 1040 and 1060 on the S&P 500, if it follows the path of previous corrections in the past 3 months. The safest course of action would be to wait until the market is maximum oversold and not guess at a price level. The market will be maximum oversold late this week or Monday of next week. I am most interested to see if we get secondaries in the financial space. If that occurs I think we could blow through 1040. Have a good night.