Frankly we can still expect a Monday panic buy as we have for months.
We managed to regain the $4300 at the close on Wall Street this Friday and even if the Russian attacks are not yet very "big" for the market, I fear that we are only at the beginning of a good correction.
We have already broken twice the SMMA 50 on the SPX (yellow zone) and each time we put a pullback on it before going for -20/-25%. However we broke the SMMA from below but on top of that we put a huge M (very bearish for the moment) and we also have a very difficult and unstable macro economic climate.
I would stay away from the markets in the next few days, especially with the rising tensions between Russia and Ukraine.
We managed to regain the $4300 at the close on Wall Street this Friday and even if the Russian attacks are not yet very "big" for the market, I fear that we are only at the beginning of a good correction.
We have already broken twice the SMMA 50 on the SPX (yellow zone) and each time we put a pullback on it before going for -20/-25%. However we broke the SMMA from below but on top of that we put a huge M (very bearish for the moment) and we also have a very difficult and unstable macro economic climate.
I would stay away from the markets in the next few days, especially with the rising tensions between Russia and Ukraine.