Surge7 of the Up Trend that started on 12/26/18 is still going strong. The upcoming important event is FOMC announcement next Wednesday 9/18.
Updates from market internals
Market internals are all still bullish, but they are showing signs of easing up a bit on the bullishness. However, we don't have enough evidence yet that this is Minor Dip2.
One of the challenges in identifying minor dips is that they are minor. Market internals are great at identifying major moves. They aren’t quite as sensitive to minor moves.
We think that there is a high probability that stocks are going to have a very minor dip tomorrow Friday. And they are likely to resume the upward momentum quickly.
You will have to decide whether or not it’s worth your effort to wiggle in and out of your core positions on such a minor move.
The rest of this article covers:
Table of support and resistance levels
Planning your trades
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