Could possibly bounce off the 20 ma which it is approaching. Or continue upwards and likely bounce off the trend line. Double topping out just like all the previous bounces ups. Stocks have not come down to their bottom yet meaning that this crash down can not be over yet. A bullish stance should be carefully monitored with a very short term outlook ready to sharply move back down again. The positive outlook is that after this crash comes down to its bottom it should be about the same time as an fomc meeting that will act as a positive catalyst, and then it can skyrocket up to a very high upwards rally 👍🏻 I'd use this opportunity to get puts on sale for the upcoming drop down since they are all much cheaper when stocks are going up..
Jpow speaks Tuesday and Wednesday with a jobs report on Friday this week. And March 22nd a fomc meeting with an about 75% chance of another 25 point rate hike.
Jpow speaks Tuesday and Wednesday with a jobs report on Friday this week. And March 22nd a fomc meeting with an about 75% chance of another 25 point rate hike.