Now Is Not The Time to Panic

I’m not ready to 100% confirm a bottom in the stock market but we are about as close as we will get.

There’s a lot going on with talks of government shutdown, student loans coming back on soon and plenty of other economic headwinds. But what we have to remember is that the market is a forward looking indicator. The market usually looks ahead about 6-12 months. SO if there is a bit of a bump in the road coming its discounting that now in this correction.

The other day I highlighted some timing rules that showed us why this is just a typical stock market correction within a bull market. Today I will show you some more levels that tell me there is no reason to be concerned here.