The Shakeout

Our Time & Price Targets Hit Perfectly at the Top. The Dip Buy is Coming Soon.

In our previous Stack, we predicted a Daily Sell Signal would trigger on Wednesday at a $SPX high of 6,070. The System accurately pinpointed both the Time & Price to a tee.

On Wednesday morning during pre-market, the market hit 6,070, triggering the Daily Sell Signal. It then dropped to a low of 5,963 by Friday, closing the week at 5,976.

As of Sunday, June 15, the market remains on a Daily Sell Signal heading into the new week.

In this edition, we’ll review the current Daily Sell Signal, discuss its expected completion, and identify when and what to buy once it completes.

Let’s get into the details…

The market continues its bullish trend, characterized by higher lows and higher highs. For now, we’re in Buy the Dip mode.

We anticipate a shift to Sell the Rip mode later this year, but only after the current Bullish Sequence reaches its Time & Price targets.

We’re likely in the final stages of this Bullish Sequence, with a market top expected in the coming months, followed by a significant Weekly Sell Signal.

Currently, Daily Buy Signals last 12-13 days, while Daily Sell Signals span about 5 days, indicating a balanced bull market.

We expect the current Daily Sell Signal to conclude this week, setting up a promising dip-buying opportunity.

With that in mind, let’s dive into what’s next.