Bullish thoughts:
We have a potential dragon fly forming right now
This could mean a rally up but considering circumstances any thing can happen at this stage
Keeping an eye on the 30/3/20 to see how it forms....
Bearish scenario: is that we may drop to around the 52 mark
Let's see what happens...
Due to the Coronavirus outbreak, there has been strong bearish sentiments in the equity market. I believe that we'll see the SP of VAS (Vanguard ASX300 ETF) hit the lower channel, possibly 72 to 74. If the channel is broken, it will be catastrophic. I'll be looking to add to my current position at that price range.
