Pictures speak for itself.
Here's what S&P500 has done in since August 21 2017. This is daily chart:
This is what S&P500 has done since Trump won the election on Nov 08 2017. This is weekly chart
As you can see in the chart above: S&P500 has behaved in picture perfect way with every decline to 20 week moving average as support.
This is dream Bull market Live in Action for Buy and Hold investors. In Bull market - Traders buy the dips. This is how it worked on Nifty.
Nifty at 7900 in Dec 2016 and see what happened since then
— Deepak Singh (@smarket) December 25, 2016
And here's what happened:
Nifty recently was at support on Sep 28 2017
Here’s why Nifty Bulls can be Optimistic? https://t.co/RvGLMQePhN
— Deepak Singh (@smarket) September 28, 2017
Nifty has perfectly bounced from that support
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers