It's funny how quickly things can change!

I bought SPY exactly one week ago at $324.

https://hive.blog/hive-167922/@jondoe/bought-spy-today-usd324

At the time the market was looking a bit oversold and due for a bounce at the very least.

The bounce didn't really hold and the price went slightly lower.

However, now I am up a couple percent already as the markets have reversed sharply on renewed stimulus hopes.

Sees:

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

I am not really sure where I will take profits just yet.

If we get new stimulus I have no doubt that the markets will make new highs.

But if we don't get new stimulus and with election uncertainty, we may not hold the recent gains.

Either way, I think the market will be higher several months from now so I am not in a hurry to sell.