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The S&P 500 cracked new highs for the week on Friday as the Russell 2000 index pulled off its recent highs.
And listen up – because this may be the start of the “last squeeze” of this market’s bull run.
That’s right. I’m calling it now… a correction is coming.
Three big yellow “caution lights” flashed across my screen last week. And these are three big signs that the market is getting ready to drop anywhere between 10-20%.
Does this mean that you should sell everything and prepare for a market crash?
Remember my Trading Commandment – “Volatility is a trader’s best friend.”
Volatility creates opportunities for those willing to watch for them. Those opportunities come in the form of the chance to buy some of the high-flying stocks when they make these healthy corrections.
It’s called buying the dip. And it’s one of the best ways to start generating long-term wealth.