Post #190 by FlyingCircus on the Mechanical Investing board

Investment Strategies / Mechanical Investing

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The technicals say 4100 is a critical resistance level. One could expect the market pulls back for a bit here given the run its had the last 3 weeks. What it does after that either changes the narrative (bear market is over if it breaks significantly above 4100), or continues the recession / inflation worry (trendless flat middling /oscillating if it pulls back off 4100 and stays down).

But all of this is short term stuff. And waiting for another 1.2% from here isn't going to kill anyone's CAGR.

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