Amid earnings season here's what we can see developing;
- rising wedge has been broken, coupled with heavy resistance at the 0.618 fib retrac. lvl - US has no control over COVID-19 seeing headlines of infections soaring and news clips of packed beaches is disturbing. - Q1 earnings is bad what on earth is the outlook for Q2, its not going to be positive no travel, increased manufacturing costs for big tech co., inflation on the rise. - world markets are recording their best month ever ? when individuals of high status start tweeting that the market is in a bubble ! (false hope of re-opening) - even though world markets re-open their wont be the large volume of international consumers, decline in growth = decline in stock markets.
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.