SHORT S&P 500
Amid earnings season here's what we can see developing;
- rising wedge has been broken, coupled with heavy resistance at the 0.618 fib retrac. lvl
- US has no control over COVID-19 seeing headlines of infections soaring and news clips of packed beaches is disturbing.
- Q1 earnings is bad what on earth is the outlook for Q2, its not going to be positive no travel, increased manufacturing costs for big tech co., inflation on the rise.
- world markets are recording their best month ever ? when individuals of high status start tweeting that the market is in a bubble ! (false hope of re-opening)
- even though world markets re-open their wont be the large volume of international consumers, decline in growth = decline in stock markets.
- rising wedge has been broken, coupled with heavy resistance at the 0.618 fib retrac. lvl
- US has no control over COVID-19 seeing headlines of infections soaring and news clips of packed beaches is disturbing.
- Q1 earnings is bad what on earth is the outlook for Q2, its not going to be positive no travel, increased manufacturing costs for big tech co., inflation on the rise.
- world markets are recording their best month ever ? when individuals of high status start tweeting that the market is in a bubble ! (false hope of re-opening)
- even though world markets re-open their wont be the large volume of international consumers, decline in growth = decline in stock markets.
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