Took a little bit of time and charting, but to fully explain where we're at and why we could go bullish given Coronavirus and everything is pretty simple: Most crashes in the market happen out of liquidity concerns with banks, this or obvious overvaluation in stocks. The Federal Reserve is keeping liquidity alive in the banks for now through repo markets. Also, we passed the 200 Day moving average, this is not an everyday crossover. A first wave extension Elliot Wave Count fits the bill.
Price range of invalidation: 296-292 range.
Price Target: 344 Price Range
Price range of invalidation: 296-292 range.
Price Target: 344 Price Range
