$25,000 is a good psychological for this Index. It has provided multiple price reactions in the past. There is also a nice in this zone which aligns with support.
If we can see daily rejections of this zone then I seriously feel there could be a pullback and reversal on Indices. This might coincide with a change of fundamental negative views that are currently apparent.
Alternatively, a break of $25,000 could see the free-fall in price continue with the next price situated over 2000 points away at $22,500.
Extra: Stocks are trading heavily discounted right now! I am using this opportunity to accumulate more positions on index tracker funds for long term potential. Remember, the aim of the game is to BUY LOW and SELL HIGH. Averaging down and keeping cash free to buy stocks that were being readily bought at $29,000 but are now trading at 14% less.
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I will be using this current sell off to further increase holdings of index tracker funds which are now looking nicely discounted.