The Russia/Ukraine conflict has already begun to short the top U.S. stock market indexes. US30, the Dow, finished negatively for the second week in a row last week and investors continue to be on edge whether the financial markets are a safe place for their investments.
Price action for the Dow is indicating this bear market will continue after creating a higher high back in January, right before a 10% fall later in the month. This correction was bound to happen, but investors were enthusiastic, causing price to pullback momentarily.
Now, everyone is bracing for a downturn. Price action, recent news articles, and uncertainty from investors have shown the signs for close to a month now. The only question left now is, "How bad will this conflict damage our markets?"
I truly believe we could hit 31,242 or lower if this conflict gets out of hand.
Price action for the Dow is indicating this bear market will continue after creating a higher high back in January, right before a 10% fall later in the month. This correction was bound to happen, but investors were enthusiastic, causing price to pullback momentarily.
Now, everyone is bracing for a downturn. Price action, recent news articles, and uncertainty from investors have shown the signs for close to a month now. The only question left now is, "How bad will this conflict damage our markets?"
I truly believe we could hit 31,242 or lower if this conflict gets out of hand.