Another wave of blood, here comes the panic sales.
It would've been better to short Trump's "nASdaQ aLL tImE hIGh" first with incoming small corrections we are experiencing another bearish rout.
Possible profits:
Day traders can make longs in the correction and scalp around 0.5 fib retracement from the first estabilish low from the latest ATH.
If you plan to make a 1-2 month trade, I recommend going short. Close the short when the market indicates recovery or when global events indicate a bullish economy.
Capital gains: Spot trade the reversal after the rout is over. I am estimating paying roughly 1/4th more than the 2020 Q1 bottom for indices or stocks.
These routs tend to be most effective against anyone who has recently decided to put money into the market with bullish intentions.
More and more investors who weren't financially stable in March, may have recouped their savings with essential jobs and are looking to invest.
I do not think the market will continue to tank and will seemingly have a bullish correction, it will very likely be a trap to gulp small fish. These actions tend to be followed by more bearishness.
News of a recession is incendiary to the markets, but we are already standing in the ashes. The news is always late to the party.
Possible profits:
Day traders can make longs in the correction and scalp around 0.5 fib retracement from the first estabilish low from the latest ATH.
If you plan to make a 1-2 month trade, I recommend going short. Close the short when the market indicates recovery or when global events indicate a bullish economy.
Capital gains: Spot trade the reversal after the rout is over. I am estimating paying roughly 1/4th more than the 2020 Q1 bottom for indices or stocks.
These routs tend to be most effective against anyone who has recently decided to put money into the market with bullish intentions.
More and more investors who weren't financially stable in March, may have recouped their savings with essential jobs and are looking to invest.
I do not think the market will continue to tank and will seemingly have a bullish correction, it will very likely be a trap to gulp small fish. These actions tend to be followed by more bearishness.
News of a recession is incendiary to the markets, but we are already standing in the ashes. The news is always late to the party.
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