Hold your nose and buy.
It doesn’t happen often. But, whenever the major market indexes decline towards their 200-day moving averages during a bull market, it pays to be a buyer of stocks.
Since the current bull market started in early 2023, SPY has tested the support of its 200-day moving average (MA) on two previous occasions.
QQQ has tested the 200-day MA three times.
Each test was successful. Each test led to an immediate rally. And, each test ultimately proved to be an excellent buying opportunity for investors.
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