Just a quick follow up on my last update for the SPX... I see more red.
After prices dropped the first time I was expecting a bounce and it took place... Now we are seeing a higher low... It won't do much.
I believe there will be another failed attempt at resistance before prices start to move lower.
The Coronavirus situation will get worse before it is fully gone... The index will recover long-term.
That's my opinion of course.
Thanks a lot for reading.
Namaste.
After prices dropped the first time I was expecting a bounce and it took place... Now we are seeing a higher low... It won't do much.
I believe there will be another failed attempt at resistance before prices start to move lower.
The Coronavirus situation will get worse before it is fully gone... The index will recover long-term.
That's my opinion of course.
Thanks a lot for reading.
Namaste.
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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.