Every now and then we get lucky and we must crow about it

Last week I mentioned that we were at a bottom in the US stock market.

You may recall the post, it mentioned big round bottoms and there may or may not have been a reference to a big round Kardashian bottom.

That post can be seen here btw:

https://hive.blog/hive-167922/@jondoe/this-is-what-a-bottom-looks-like

I was speculating that a lot of technical indicators were indicating we were at a bottom in the US stock market.

Fast forward to today and it looks like I may have been right:

(Source: https://stockcharts.com/h-sc/ui)

Technically we are not out of the woods yet with the price still unable to break above the 10 MA, but we are off to a great start.

Everyone was calling for more bloodshed leading into the election which is why I feel vindicating saying I think the worst is likely behind us.

Even if we get one more big dip and we go slightly lower than we were, I think you want to buy that dip because the medium term trend is higher.

Oh and there's this, so you don't feel gypped: