Indice S&P 500Short
It's all about perspective
Aggiornato
When one look at this 4H chart, it is inevitable to note that this fall is pretty bad as it continues to nosedive further.
Even when it revisit the next level of support at 3018, we would be down from the peak at 11%.
The SPX500 was up nearly 25% last year so this 11% drop is about 50% shaving off what you had gained thus far had you invested in it.
What could possibly exacerbate the fall ? Well, imo, I think if the Covid-19 virus will to seriously hit US, then another wave of panic might set in as we had seen how consumers reacted in HK, Singapore and now Italy.
Let's continue to pray that this virus to be contained and a cure be discovered sooner than later for humanity sake ! Too many innocent lives have been sacrificed and too much businesses are affected, went bankrupt or closing down due to this Covid-19 virus.
We won't have the Feds stepping in till April unless Trump make some noise (will he ?) and when they do, it is likely to reduce the interest rates further.
Hold your fire if you think there is bloodbath in the market now and plan to come in to buy it cheaply. Cheap can get cheaper and there is really no need to rush as the bigger sale could come in later. So be patient and catch the bigger fish awaiting .....
Even when it revisit the next level of support at 3018, we would be down from the peak at 11%.
The SPX500 was up nearly 25% last year so this 11% drop is about 50% shaving off what you had gained thus far had you invested in it.
What could possibly exacerbate the fall ? Well, imo, I think if the Covid-19 virus will to seriously hit US, then another wave of panic might set in as we had seen how consumers reacted in HK, Singapore and now Italy.
Let's continue to pray that this virus to be contained and a cure be discovered sooner than later for humanity sake ! Too many innocent lives have been sacrificed and too much businesses are affected, went bankrupt or closing down due to this Covid-19 virus.
We won't have the Feds stepping in till April unless Trump make some noise (will he ?) and when they do, it is likely to reduce the interest rates further.
Hold your fire if you think there is bloodbath in the market now and plan to come in to buy it cheaply. Cheap can get cheaper and there is really no need to rush as the bigger sale could come in later. So be patient and catch the bigger fish awaiting .....
Nota
It has been 7 straight days of downfall for all indices globally,even the Tech are not spared as well. Unless you know what you are doing, shorting seems a good strategy now. If you are not familiar and want to know more about shorting, pm me.
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