S&P Cup & Handle
Long til 61.8% retracement (Target),
Stop loss is below the recent low of the handle.
News of the corona virus are improving with recovery rate at 50%
Risk: Any bad news of corona virus in the future is bad for this long trade
Stop loss is below the recent low of the handle.
News of the corona virus are improving with recovery rate at 50%
Risk: Any bad news of corona virus in the future is bad for this long trade
Order cancelled
Cancelled Trade @ Breakeven,50bps rate cut is not good news to me, it sounds like they are admitting that the corona virus is a threat now.
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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.