samitrading

SPX'S Fans. M2 is 2 big for a crash, unless something big happen

SP:SPX   S&P 500 Index
WHO'S Researchers are meeting later today to determine if this variant is of "Interest" or of "Concern" !. By the
end of the day, we shall know whether this is a dip to buy or a big pullback. It will take weeks for testing this
new strain, W/ such big M2 hard to crash !
Comment: It's officially a variant of "Concern" and vaccines of Covid's 19 might not be as effective with this new variant !

- The chief executive of drugmaker Moderna (NASDAQ:MRNA) set off fresh alarm bells in financial markets on Tuesday with a warning that existing COVID-19 vaccines would be less effective against the new Omicron variant than they have been against Delta.
Comment: 50% Retracements since Covid's low is the most common bouncing area according to our studies !