COVID-19 virus is raging all over the world, infecting more than 2.5 million people, and economic development and industry are facing challenges. WTI Crude Oil price once went to zero. In any case, it is recommended to be cautious about the next few years. S&P 500 Index could decline toward 1,600 or -50%.
The monthly chart, plotted 30, 50 and 200 period MAs. between 30 and 50 is a yellow background, between 50 and 200 is a red. The index is currently below the 50 period MA of monthly chart, the candles is filled in red.
From among the Chart will know 200 period MA. forecast revised down the target will be here, but there is a high probability of less than 200 period MA. for example, in 2009 the price was below 200 period MA. If as at other times of crisis development. Dot-com Bubble and the 2008 Financial Crisis it took 20 months and 14 months to get the bottom. but this year has only just begun and may continue for a long time.
The monthly chart, plotted 30, 50 and 200 period MAs. between 30 and 50 is a yellow background, between 50 and 200 is a red. The index is currently below the 50 period MA of monthly chart, the candles is filled in red.
From among the Chart will know 200 period MA. forecast revised down the target will be here, but there is a high probability of less than 200 period MA. for example, in 2009 the price was below 200 period MA. If as at other times of crisis development. Dot-com Bubble and the 2008 Financial Crisis it took 20 months and 14 months to get the bottom. but this year has only just begun and may continue for a long time.