Seems like wave B was finally over, now we are waiting for the continuation lower. Price near a strong 3000 level. Best to wait for more price action and wait for Europe session to open tomorrow as price expected to gap lower on the open and volatility will make it harder to point a good entry.
As Central Banks and financial institutions cut the economic forecast this week a bit of realism returned to the markets as they noticed how bad things actually are. We shall see if there will be response in the form of more stimulus offered by the Central Banks to push the stocks back up.
Please support the idea and share your thoughts on S&P500!
Good Luck and Stay Healthy!
As Central Banks and financial institutions cut the economic forecast this week a bit of realism returned to the markets as they noticed how bad things actually are. We shall see if there will be response in the form of more stimulus offered by the Central Banks to push the stocks back up.
Please support the idea and share your thoughts on S&P500!
Good Luck and Stay Healthy!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.