- Major pullback happening on the world markets due to the #coronavirus
- Price is approaching the 61.8 level that sits at 24700 area
- It will be an area of interest that i will be watching
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Market Crash 2020
We are in the state of anxiety. Traders left with disappointment after president Trump failed to reassure that the virus can contain through US.
This epidemic disrupted international trade and travel. Experts says it took one and a half year to develop the coronavirus vaccine while the disease spreading faster.
The latest slide began...
So I'm away on holiday at the moment and am experimenting on a few ideas that have been running through my head these past few months
so we are going to see one here with U30
the initial drop was inside a range for 3-4 phases before it drop and I went in to calculate the amount of points that it did
and guess what it was about 1530 in price terms
I dont know if history will repeat this time around but what i have noticed over the last 6 months is that every-time the DOW US30 has made a move below the 200 day ma (green line), it tends to be followed by a reversal higher above the 200dma in the succeeding days...
If this bounce does take place the obvious target would be 28170 to take profit - generally the...
On the Equities front sentiment is starting to shift once again towards the negative side with offloading being done at the highs. After clearing Powell focus is shifting back towards the pressures on earnings from Coronavirus and spillovers, not expecting much more room to the topside in the immediate...
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A black Monday ahead is horrible, but here we are and not just because of the virus COVID-19, also because of the algos. Record high over record high is just out of mine, and the clock is ticking to pop the bubble. Probably not today at all, but signs are so clear that if you're not prepared for this, just run away... if you can!
Are you keen on beating the...