Ladies and Fellars I try and stay as bullish as possible, but this is probably the most optimistic TA based off the current reality (Even if it doesn't seem optimistic)....
The reality is, life is going to get much worse for all of us in the USA before it gets better, any rally before the virus comes runs its course through the USA will be a defeating false hope that will likely destroy your emotions. Some of us may not like to admit it but in the USA we overreact and when stuff gets bad we will overreact. That being said we will see small pops, maybe, but they will fade quickly, just like Europe this morning.
We may technically be up from yesterday but be cautious Spy is struggling to hold itself high..
A simple falling wedge with room still to fall. While I could be wrong I would say the likely and best positive case short term is a slow bleed, rather than steep fall because no matter what happens day to day over the next few weeks we will likely keep falling.
Let me know your thoughts..
The reality is, life is going to get much worse for all of us in the USA before it gets better, any rally before the virus comes runs its course through the USA will be a defeating false hope that will likely destroy your emotions. Some of us may not like to admit it but in the USA we overreact and when stuff gets bad we will overreact. That being said we will see small pops, maybe, but they will fade quickly, just like Europe this morning.
We may technically be up from yesterday but be cautious Spy is struggling to hold itself high..
A simple falling wedge with room still to fall. While I could be wrong I would say the likely and best positive case short term is a slow bleed, rather than steep fall because no matter what happens day to day over the next few weeks we will likely keep falling.
Let me know your thoughts..
