Looking at support going back Nov 16. Support then seemed to hold up late March. With recent news surrounding yields, trade talks, selloffs and the other fifty things that play into this kind of movement support will either prove to hold up,giving stocks a bounce, or we’ll see a further breakdown in to the abyss. I say abyss only because I’m not sure where we can assume support. Look forward to checking out your ideas about where the market goes from here. If down, where do you see support? How important is the 200 day moving average to your projection?
Cheers!
Cheers!
Comment:
Huge move today. Might take longer than a month to get back to resistance. Will be interesting to see what plays out in the days and weeks to come.