In all seriousness - I do not think the market went down on Friday because of Corona. The virus, not the beer.
Just drink Guinness...
ES Journal - 2019/2020
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Just drink Guinness...
As usual, the thread remains dead-centre on topic
Those that are dedicated to trading will have noticed that US Futures gapped down (some 30pts on the S&P from Fri close) at Asia open. This is a courtesy announcement that might benefit those that aren't so dedicated to be watching markets on Sunday night.
Bloomberg commentators covering the Asia markets are warning of "market chaos" for the next few weeks, this remark stems from the announcement by the mayor of Wuhan (the epicentre of the virus) saying that 5 million residents of Wuhan had left the province for all part of China and also to overseas destinations before the lockdown was effected.
Bloomberg commentators covering the Asia markets are warning of "market chaos" for the next few weeks, this remark stems from the announcement by the mayor of Wuhan (the epicentre of the virus) saying that 5 million residents of Wuhan had left the province for all part of China and also to overseas destinations before the lockdown was effected.
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Beware the ides of March.... any reversal of this pull-back might be a bull trap.
My prediction for today is a mixed one. Not getting a clear read on the day.
But my main scenario for now is that the LOD is in and that we should see at least 3265,50 by the Close.
We're already down nearly 2% for the week, so I think a lot of the down side risk is already priced in by now.
But my main scenario for now is that the LOD is in and that we should see at least 3265,50 by the Close.
We're already down nearly 2% for the week, so I think a lot of the down side risk is already priced in by now.
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