Goin down still, don't think about becoming a bull yet!
Hi,
This is my 1st try on doing TA on SP500, the other TAs I did were for Cryptocurrencies, but I am sick of them for some time, crypto price movements are basically very hard to predict.
My SP500 analysis:
* Don't get fooled if saw green numbers (price increase) today, prices are now just moving up a bit and will probably continue to drop again.
The only business that can go well during corona crisis is maybe a toilet paper factory, cruise ships, bars, restaurants, disney parks and much more is closed, companies are losing real money, this losses have not yet fully reflected on markets!
This is no investing advice, trade at your own risk.
This is my 1st try on doing TA on SP500, the other TAs I did were for Cryptocurrencies, but I am sick of them for some time, crypto price movements are basically very hard to predict.
My SP500 analysis:
* Don't get fooled if saw green numbers (price increase) today, prices are now just moving up a bit and will probably continue to drop again.
The only business that can go well during corona crisis is maybe a toilet paper factory, cruise ships, bars, restaurants, disney parks and much more is closed, companies are losing real money, this losses have not yet fully reflected on markets!
This is no investing advice, trade at your own risk.
Comment:
Update: Like predicted, we are going down more!