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SPXT - Technically Speaking: Stocks Bounce Off The Lows. Time To Buy?
ProShares S&P 500 Ex-Technology
On Monday, stocks solidly cracked below the 50-dma, but the bounce off the lows has investors asking if it’s “time to buy?”.
My best guess is the market likely gives us a one to two-day rally back to the 50-dma, which should get used to rebalance portfolio risk.
The purpose of the analysis is to provide you with information to make educated guesses about the “probabilities” and “possibilities” over the following days and weeks.