1. 0.618 level from the previous high. 2. test the neckline of double tops 3. the demand of industries will be terrible 4. has a potential to go for a AB=CD pattern, may test the lowest level of 2008 5. waiting for a daily signal for a short position
Serious question because I don't know the answer. If the S&P ends up tanking which I see happening soon IMO won't the price of silver skyrocket like it did in 2008? I'm asking because I'm looking for a good buy opportunity and all the hard assets are basically gone so that's another thing that's leading me to believe a recession or depression is on its way. I just wanted your thoughts on that if that's ok?
chsn222
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@Gold_Rush, If the US can't control the covid19, it may go to depression. But it's just my personal idea.