During such a general crisis, things are very complicated for all stocks and everything depends. The fundamentals are key here and any decision by Trump can change things in a second and that is why we say how far, not how far will it fall. Given the possible further decline of the SP500 to around $5360-5400 and based on the 4-hour chart, it is clearly seen that the dynamic support line from the accumulated volume lies at around $29.5 and $30.5. The reversal signals are clear (the green triangles below). Therefore, it is very unlikely that we will see a drop below $30. This is a very good entry point, but I do not advise anyone to trade until April 2, although I think things will become clear later today or tomorrow.
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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.