Long
S&P and world markets signs of a short term bottom
The world is going crazy, countries in lockdown, flights being stopped, but at least we have people buying toilet paper from retailers to give this quarter a boost in profit numbers hey?
But really this is a short term bottom, Looking at the chart here it is very hard to see further falls right now. The candle has over extended the LinReg and the Stochastic RSI has turned around, while the bottom finder has pointed out a possible bottom. I am looking for a 25% recovery to give us time to exit our stocks and crypto etc. Selling now is not a good time.
Than in May and June is when we will see the real crisis. From it's peak I am looking for at least a 50% - 60% correction
So I am long for about 4-6 weeks here. taking it day by day.
But really this is a short term bottom, Looking at the chart here it is very hard to see further falls right now. The candle has over extended the LinReg and the Stochastic RSI has turned around, while the bottom finder has pointed out a possible bottom. I am looking for a 25% recovery to give us time to exit our stocks and crypto etc. Selling now is not a good time.
Than in May and June is when we will see the real crisis. From it's peak I am looking for at least a 50% - 60% correction
So I am long for about 4-6 weeks here. taking it day by day.
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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.