Two trend lines shown. Above the circled buy area is the line from 2016 resistance, below is the trend line from 1987 bottom...it tracks to about 1450-1550 resistance point. We are in unknown waters here. April will be ugly, and it will get worse before it gets better. I'm looking to get in when it gets closer to 50-60% from the highs.
Comment:
The market reacted off a one day slowing in deaths/cases, is in my opinion, not a good sign for a bull case. In fact, it shows market is highly driven by fear right now, and when the real economic impact of this becomes more clear, there will be a leg down, and it will be brutal. it will also be a once in a generation buying opportunity. My generation (mellennial), will now see a third such buying opportunity (02-04, 08-10, 19-20/21?)....Yeah, less regulation leads to more volatility and boom bust cycles...once is something, twice is a trend, third time is a god damned fact. Buy low, sell high.