Tomorrow (03/19/20) and a day after (03/20/20) are the two days when FED pumps the money into the market: 50-billion cash on Thursday, 500-billion cash on Friday, for private securities and mortgage-back securities.
The market will be extremely volatile in the next two days, as Options are coming to an expiration day. Spread will be huge.
Technical: The SP500 movements will be up and down along with the 2018 resistance line until the end of this week.
There are a lot of uncertainties in analyzing the chart because it's a mess. Like I said before, everything can happen. The best choice is to keep cash, get out and wait for the signal.
Most of the vulnerable sectors are already down 75%, so there are not so many spaces for short selling. Still, there is not good news for long positions.
Trend: Bearish
We will keep everything updated.
The market will be extremely volatile in the next two days, as Options are coming to an expiration day. Spread will be huge.
Technical: The SP500 movements will be up and down along with the 2018 resistance line until the end of this week.
There are a lot of uncertainties in analyzing the chart because it's a mess. Like I said before, everything can happen. The best choice is to keep cash, get out and wait for the signal.
Most of the vulnerable sectors are already down 75%, so there are not so many spaces for short selling. Still, there is not good news for long positions.
Trend: Bearish
We will keep everything updated.
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.
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.