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For those who saw my idea in January before the market crash, I had called for APPLE at $125 and now it is looking more than likely that at the end of this market crash we could see AAPL at $125 even if just for a day or intraday. I believe the bull market is dead but the market can still be traded. Overall, we could be in a massive ABC correction. I believe the economy was on shaky grounds before COVID which is why I called for a market correction. With Covid we are definitely going into a market crash and a global recession.
Technically - I think we go back to retest the day low we had for AAPL a few weeks ago around $213 which will bring buyers back to the market and will lead us on a (B) rally.
I also think GILD readout is coming soon and if positive could push the whole market up. However that will be short lived once the true impact of COVID is known.
The Corporate debt crisis, Consumer debt crisis from those who no longer have jobs and banks that wont be getting money from mortgages and car notes.
Please do your due diligence as this is just my opinion and not an investment advice.
For those who saw my idea in January before the market crash, I had called for APPLE at $125 and now it is looking more than likely that at the end of this market crash we could see AAPL at $125 even if just for a day or intraday. I believe the bull market is dead but the market can still be traded. Overall, we could be in a massive ABC correction. I believe the economy was on shaky grounds before COVID which is why I called for a market correction. With Covid we are definitely going into a market crash and a global recession.
Technically - I think we go back to retest the day low we had for AAPL a few weeks ago around $213 which will bring buyers back to the market and will lead us on a (B) rally.
I also think GILD readout is coming soon and if positive could push the whole market up. However that will be short lived once the true impact of COVID is known.
The Corporate debt crisis, Consumer debt crisis from those who no longer have jobs and banks that wont be getting money from mortgages and car notes.
Please do your due diligence as this is just my opinion and not an investment advice.
