Look before you leap.

76
Two up days this week on top of pricing holding support in the previous week.
Sound like a good time to be a buyer? Consider this weekly chart of SPX and its trendline over the last year. When was the last time you saw price make a new high that began like this?
Oh it can happen, I'm just point out that it is a low-probability bet right now. It would be far more likely for SPX to break its trendline and head lower than it would for prices to make a new high. Think about that before you make your next purchase in stocks.

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