My Favorite Kind of Uptrend
Hey, it’s Ross Givens here with the Chart of the Day. This chart shows how the S&P 500 has moved since November last year, with the percentage increases of each “mini uptrend” clearly marked. You’ll notice that most of these “mini uptrends” overlap due to minor pullbacks in between. This highlights two key points: pullbacks are inevitable even in strong uptrends, and the overall uptrend remains robust. Don’t let fear or bearish influences cause you to miss out. I explain more in the Insight of the Day.
June 10, 2024
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