CoronaVirus fears subside, optimistic sentiment fuels US30 Gains

Corona Virus fears subside, Us and China Banks are pumping futures. Gold has taken a dive which means safe haven demand has diminished and fears of the virus are being contained. US manufacturing reports were very good, US consumer confidence was bullish as well, this may also help DJIA recover the 3% loss it had at the peak of corona virus fears. The problem hasn't completely gone away but the US is in a good place to recover the losses. Buy unless the situation with the virus, or china war progress is halted. It broke out of the descending channel, it could break right through the projected resistance and make way for 30000 if the conditions and economic indicators in the US continue to return positively.

www.cnbc.com/2020/02...rus-fears-abate.html

www.cnbc.com/2020/02...rket-today-live.html

Buy the Dip. TP 30000

Comment:

already broke past resistance more likely to hit 30000, move SL to breakeven or +5 pips

Comment:

close to TP