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Hold Your Nose And Buy Stocks

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.

This post appeared first on Trades Of The Day.