The recent prediction for the S&P 500 was to hit the bottom at $4,800 and "buy" as posted (Prediction on S&P 500 : Where Is The Next Bottom). I predicted that the bear trend which started at the end of February would hit the strong resistance around April and reverse. It didn't hit the price level, however, it went down to $4810.80, which is close enough to call it bottom, and rebounded quickly up to $5480 on 4/9 as soon as Tariffs got paused for 90 days.
My initial prediction was correct on the bottom-resistant price on the S&P 500, which is the purchase plan price, and I bought stocks. However, the rebound after hitting $4810 was too dull, and the magnitude and volume of that were much less than expected, and the price started dropping again afterward. What I wanted to see was a quick and sharp rebound and closing the market in green on that day. It didn't happen, instead, the price kept on going down on 4/8 and shedding my confidence even just a few days. So I had to change my mind on 4/8 to predict the general market to continuously go down because of the ridiculous Tariffs which are an act of war to some degree. I wanted to stay away from the market for the time being.
I concluded that the Tariff would have continually hurt the economy and kept investors in panic and uncertainty for a while. That is the reason I didn't want to buy many stocks, it turned out I was wrong. I should have stuck with the initial plan. Changing a mind can save you from losing money, at the same time, you lose an opportunity to make profits. This reminded me that it would be impossible to predict market movements based on politics that directly or indirectly impact the market, however, technical analysis convinced me that it is more reliable and accurate in short-term trading.
Who would have thought that Trump would get scared and pause Tariffs one week after placing them? I was confident that the market would have severely tanked continuously if Tariffs weren't paused. So I just bought one stock which gave me a signal but I was scared of buying more of the U.S. stocks. I should have been more aggressive in buying to grasp this rebound.
<S&P 500 bounced back after the pause of Tariffs on 4/9/2025>
<The volume of the S&P 500 increased significantly as its price dropped.>
Lots of stocks seem to be quoted at discount prices now, although not on my measurements. Out of these discounted stocks, I decided to buy the stock, Concentrix Corp (CNXC) which was purchased at $47.13 on 4/7/2025.
