I'm thinking that if SPY does a double bottom around 4800, it could be a good time to buy. I don't think SPY will drop below 4800 because Trump seems to be working on positive news with Ukraine/Russia, the Iran deal, Japan, and so on. If we hit 4800 again, it would probably mean the Fed isn't cutting rates, Powell gets fired, or some big tech companies miss their earnings. But Trump will probably try his hardest to lift the markets from here, and 5000 could be a higher low.
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