Auguraltrader

INDONESIA COVID-19 - the next wave part III

COVID19:CONFIRMED_ID   COVID-19 CONFIRMED INDONESIA
Just barely a week after the last update, the rate of spread (and detection) has hit 20,000 per day!

And according to the Weekly chart (not shown here), the MACD Histograms cross over this week! This means that there is a lot more momentum for this wave to grow. Much more so given the lack of effective measures implemented and enforced. A overwhelming shutdown of the health system is pretty much round the corner, without infection rates slowing, but accelerating on the contrary.

Eventually, it will affect the region, as the viral reservoir gets dug in deep, and may even see the spawn of more variants.

It is expected that the rate will only increase, until very strong measures are taken to impede the spread. Until then, it would still take weeks after implementation to subside significantly.

Hong Kong has already banned flights, and more will probably follow, leading to some level of external isolation.

Not good at all...

Take care, take very good care if you are in the affected areas.
God speed, and God bless.

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