$SPX The Up and Down moves
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I believe the bull market is dead but the market can still be traded. Overall, we could be in a massive ABC correction. I believe the economy was on shaky grounds before COVID which is why I called for a market correction in January. With COVID we are definitely going into a market crash and a global recession.
Technically - I think we are headed lower in the overall market but some ups in the near future. I think GILD readout is coming soon and if positive could push the whole market up. However that will be short lived once the true impact of COVID is known.
The Corporate debt crisis, Consumer debt crisis from those who no longer have jobs and banks that wont be getting money from mortgages and car notes.
Please do your due diligence as this is just my opinion and not an investment advice.
I believe the bull market is dead but the market can still be traded. Overall, we could be in a massive ABC correction. I believe the economy was on shaky grounds before COVID which is why I called for a market correction in January. With COVID we are definitely going into a market crash and a global recession.
Technically - I think we are headed lower in the overall market but some ups in the near future. I think GILD readout is coming soon and if positive could push the whole market up. However that will be short lived once the true impact of COVID is known.
The Corporate debt crisis, Consumer debt crisis from those who no longer have jobs and banks that wont be getting money from mortgages and car notes.
Please do your due diligence as this is just my opinion and not an investment advice.
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