Smollet

Vision by SP500. Long term. Does the crisis continue?

Short
CME:SP1!   None
The time has come, the market has reached a significant peak and then 2 options for the development of the situation with the crisis.
1. Updating March lows, in the case of the classic crisis scenario, i.e. then how it usually went almost always. Updating lows, followed by recovery and overcoming the bottom of the recession.
2.Top renewal and continued stock market growth. There is such a version by some reputable traders. It is rather from the area of ​​exclusion from the rules, because usually the market behaves differently in a crisis. Nevertheless, it should be borne in mind that the market can be anything.

In fact, the Fed poured a huge amount of money to support business, the stock market and the US population. Let's see if this is enough to complete the negative mood in the US stock market. Typically, injections occur near the end of the crisis, the current situation is different, because the money poured in immediately.
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.