Stock market in general

Updated

This is what I see, a lot of people lost their jobs, the US government is trying to fade the economic effect of the COVID-19 by providing a stimulus checks to the people (the stimulus won’t be and won’t last forever) right now a lot of people has laid off bonus, unemployment check, stimulus check and even discounts at some stores, not taking in account that people is not spending money as they usually do because a lot of restaurants, stores, bars, clubs, etc,. are closed. It’s not noticeable and the stimulus check made it’s job of keeping the fear away from the streets but once reality kicks in I think the outcome won’t be good. Do some research, some people is even catching more money than what they usually do because of the virus help.

Not saying it’s time to go short, just saying it’s time to set your s/l and be prepared for a possible downturn

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I think it’s scaring how closely the price has been moving along with the trend line... as of right now it’s looking pretty accurate

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This is it, according to the idea we just entered selling ground area for a big short rally, set your s/l and be ready at all times for a possible price drop, the stocks growth its simply unsustainable, companies are not making more profit to justify such a historic recovery plus the pandemic hasn’t even come to an end

Please feel free to comment

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Divergence has formed already at daily chart, looks like the first trip down might go to $290 where the 150 WMA is at

ExchangeShark

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