Wow! We are dipping as far as 2008 dip. Back trade this some to learn what to do next. AMEX:SPY
At a high on VIX. Could this mean the volatility will begin to slow. I don't think this virus news fits the same issues as in 2008 volatility. CBOE:VIX
SPY buy the dip areas. I already bought some at 302 ( the first yellow line). The next drop to 294 is another buy area to buy. Going to be incredible move. AMEX:SPY
Do you think it will move down to the 200 MA like it did in 2018 drop?
The pressure is building between the 100 MA and 50 EMA. Which way will it move?
This Weekly chart shows WWE ready to pop one direction or other. The inside candles are pushing on the 50 EMA (Red Line). Ready for a POP>>>
STZ - One more bearish move based on this weekly inside day candle (Pink arrow). Good for day or short term swing trade. Long term will be bullish.
Inside day candle BUT needs to pull back a little more to trap some people. THEN may continue bearish.
If ACAD breaks low tomorrow, it may be a great day trade.
Looks like ACAD will break a bearish support tomorrow.
This is got to move sometime soon past support/resistance and break out of the narrowing channel.