Today's rebound is good
However, SPY still hasn't broken through the downward trend suppression, and we still need to keep watching. Flatbread was a breakthrough, but this stuff fluctuated a lot, and I plan to keep watching for two more days.
Next week's CPI data may be a turning point. Currently, the market is not very sensitive to inflation. If the CPI falls too fast, it may not be a good thing. It would be nice if the data was in line with expectations and slightly below expectations. It's not a big problem to estimate a little more than expected. Just don't get too far away from expectations.
When the market falls rapidly, it is usually a good choice to choose a broad-based market index (spy, qqq, etc.) and invest regularly in batches over the next 2-3 months.
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