Back to rolling the dice in the stock market instead
The low so far in the S&P 500 is 1878. That's close enough to the August/September lows to call it a retest.
Notice the shape of the previous lows at these levels. The initial drop was followed by a quick two-day snap back. The late-September low, however stalled and consolidated before it bounced back higher.
It was given a helping hand by a less-hawkish Fed and that's the kind of thing that would be a buy signal once again.
All of us are back to work today because our 'investment' in yesterday's Powerball didn't quite yield the $1.5 billion we were hoping for.
However, we did get two numbers right, including the Powerball, so we won $4. Rather than splitting that up 1000 ways, Greg is going to hang onto it and we'll splash it around the next time the lottery is over a billion.
So close!