SP500 1100 points drop (43% Gain)
Updated
SP500, after many years of Quantitive Easing by the US FED and the unsustainable economic model, the markets have finally caught up.
We will see a stock correction of around 60%, with 27% of the market already making a correction. The price has retraced to 2711, making it an ideal entry for those who have not yet entered the trade.
We will see a stock correction of around 60%, with 27% of the market already making a correction. The price has retraced to 2711, making it an ideal entry for those who have not yet entered the trade.
Trade active
Deeply ashamed I did not put the timeframe as weekly/daily so you guys can see the progress. However, big moves in the market so far. Now is a good point to tp if you want to secure your profits (10%). However, if you are like me and are a risk taker, continue to hold your short and have a potential gain of at least 43%.
Trade closed: stop reached
-6.67% Loss unless you TP on previous update (2 Apr 2020), where you would have achieved a 10% gain.
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