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The stock market, particularly the S&P 500 (SPX) and Nasdaq (NDX), experienced fluctuations with potential for a technical flush before closing. Despite concerns about inflation rising slowly, recent gains were seen with SPX and NDX reaching new highs. Traders are navigating bearish news with a focus on intraday movements. Analysts suggest a healthy 2-3% pullback is expected, emphasizing the 'buy the dip' strategy prevalent in the market.
Very healthy to get red days, pullbacks, consolidations Demonstrates this is a healthy bull, not euphoria or a bubble as many claim
$SPX Just trucking along, trucking along, trucking along... Then we finally get that 2% or so daily decline which we have not seen in the longest stretch since 2018. Buy that dip. But let's get to that dip first. HEALTHY. https://t.co/14yZCCahr6
$SPX A healthy 2-3% pullback is healthy at the very least. Near term bears are secretly intermediate bulls just looking for a better long entry. BTFD will be the theme all year. But where is the dip?