S&P 500 IndexShort
The S&P 500 blew through my target of 2250 today.
Although we could have an occasional relief rally, with the global shutdown likely to impact corporate earnings in a big way, I won't be surprised if investors begin to expect the equivalent of 3 months of virtually no earnings. It may never get to my new target range of 1850 - 1900 but it will surely continue to drop.
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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.