Did the market take a peek at our June 8 report showing our “buy on the dips” indicator?
As if we were in a well-choreographed Broadway performance, the market has responded right on cue. On June 10 and again on June 16 our buy on the dips indicator suggested a favorable buying signal for US stocks as measured by the S&P 500.
Here is a look at the current chart:
With the signal on the buy side, the evidence continues to support the bullish case for the market.