DJCFD:DJI   Dow Jones Industrial Average Index

People are still dying,
Commerce is still at a standstill , BULLTRAPS are set
be extremely cautious regardless of commentary,
Levels of major resistance as per chart
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Comments

People keep wondering where the bottom is...
It's when we find a solution to the ongoing pandemic.
+1 Reply
If we call this whole move up a '1' then expect a fairly deep sharp '2' back to ~19100; that ought to give inverted H&S and trigger the 3rd and strongest wave up towards the 0.50 Fibo; in 1929, 1987 we got that far, 2008 came up short so no guarantees. Going farther out, it is a Bear market and complete retracement is unrealistic; IMO the lowest prices of 2020 are possibly yet to come, later in year, after a failed bounce.
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wonder how long do these bull trap rallies typically last for
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People buying right now really need to remember that this is the BEGINNING of the crisis.

There will be weeks coming up where tens of thousands of Americans are perishing every day.

There are no measures that will prevent a absolutely miserable crash when that happens.

Sell absolutely everything you have right now. Buy stock in the companies that survive AFTER a vaccine/cure is available.
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