Will the Stock Market Crash Continue? My Trading ideas
On the macro level, the Bank of Japan says it won't raise rates when the market's unstable, which helped calm the market this morning.
But rising tensions in the Middle East are making investors nervous.
I think in these shaky times, it's smart to spread out your investments and focus on safer bets like healthcare, consumer goods, and utilities.
You might also consider using options to protect against short-term losses.
Now let's check s&p 500 from technical aspect.
The price is moving in an overall bearish market, but recently, it be supported by previous high volume candle area.
Now the point we may need to pay attention is the yesterday's bearish engulfing pattern, since the price started to drop after this pattern of previous callback. Therefore, the price may continue to go bearish later.
And traders who are interested in short trading, like me, may be a good timing to watch now.
But rising tensions in the Middle East are making investors nervous.
I think in these shaky times, it's smart to spread out your investments and focus on safer bets like healthcare, consumer goods, and utilities.
You might also consider using options to protect against short-term losses.
Now let's check s&p 500 from technical aspect.
The price is moving in an overall bearish market, but recently, it be supported by previous high volume candle area.
Now the point we may need to pay attention is the yesterday's bearish engulfing pattern, since the price started to drop after this pattern of previous callback. Therefore, the price may continue to go bearish later.
And traders who are interested in short trading, like me, may be a good timing to watch now.
Note
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