There is still room to run. At this time there’s a support at 270, 260 and worst case scenario 230, it touches the main trend area and it could be looking to test support.
The virus was a trigger, not the main reason, the indicators show a loss of momentum and currently a reversal. The emergency interest rates cut helps, but it makes sense if the tree is shaken more. This market is due a correction and what we have seen so far it will be painful, but necessary.
The virus was a trigger, not the main reason, the indicators show a loss of momentum and currently a reversal. The emergency interest rates cut helps, but it makes sense if the tree is shaken more. This market is due a correction and what we have seen so far it will be painful, but necessary.