Lately, we’ve been getting a lot of questions regarding where we expect the market to go, especially on days like today, where we have quadruple digits down in the Dow Jones once again.
Everyone from huge brokerage houses, to hedge funds, the individuals are feeling the pain.
I’ve been trading for over 20 years, and I’ve never seen anything like this. I’ve talked to other traders who have over 40 years of trading experience, and the consensus is the same, no one has ever seen anything like this before.
The coronavirus is a once-in-a-lifetime event that we are facing at this very moment.
The market goes up 1000 points, only to drop 1000 points the next day. It’s not only exhausting, but it also confirms extreme uncertainty in the market by everyone.
There is no telling how long this will go on for, but we are now starting to get enough data on the current market landscape to make some predictions.
Although technical analysis as its limitations, it can be extremely valuable in predicting levels of support and where the possible bottom may be.
Take a look…
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