Hello everyone, as we can see we have huge unemployment numbers in America, because of the virus, so we will most likely see that number increase. This means that we will most likely see another wave down. We have made perfect 4 waves, so now we have the perfect set-up for wave 5 down. We have also just bounced from the bottom of the channel that we have formed, so all those 3 signs lead me to believe we will drop to around 200.
@252io, If we make new higher high tomorrow, then I guess we will make another wave up. Medium term I am thinking Short though
252io
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@donaitelo, problem is Trump et al are pumping the market. Fundamentals and credit crunch are not being taken into account. Hundreds to thousands of companies have laid off, fired, or furloughed their employees. I agree that we test lower but the big boys want their money back from the late March drop.
donaitelo
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@252io, I agree, this rally seems really fake. I am not investing in the moment, I will wait for lower lows this year and then invest in stocks. Good luck to you!
252io
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@donaitelo, same to you! i am all cash waiting to spend it on the “true” bottom.
Kmartin8398
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Lol good call pal
poister198
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Seems bullish signals are incoming, market has determined that bottom has long passed today