FED has pumped their money into the stock market sooner than expect (before this Friday 03/20) to calm the sell-off. However, in after hour and future index, there is a massive sell-off right now. Soon, it will hit the 5% down limit again. Be wise.
2 reasons:
+Trump administration bans gathering of 10
+He also shut down most the restaurant, effective immediately, on Tuesday 03/17.
This is a huge deal, as food services, travel, retail make up 1/3 of US industry.
Millions won't have job in those sector in the upcoming month.
Technical: SP500 movement will drop below the resistance line in created in 2018
Please be safe, don't go long.
2 reasons:
+Trump administration bans gathering of 10
+He also shut down most the restaurant, effective immediately, on Tuesday 03/17.
This is a huge deal, as food services, travel, retail make up 1/3 of US industry.
Millions won't have job in those sector in the upcoming month.
Technical: SP500 movement will drop below the resistance line in created in 2018
Please be safe, don't go long.
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Disclaimer
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.