Anticipating another test & push thru 2700 down to at least 2635-2650 level before the temporary swing lo is in place prior to the build phase... Most likely tomorrow!
I might have missed it, but can you say why this is your lower target? The chart you posted today with regards to the short at 2800 was a wonderful illustration. So I'm just curious if this lower level is also based on something visual like channels, etc. Thanks.
Today’s meeting with banks at White House should be followed by some coordinated action like December 23, 2018 call with banks and NY Fed proceeded that bottom. Wouldn’t be surprised to see some unleashed tomorrow. After that it’s back into unchartered waters with headline catalysts both ways.
Yup, that's what I am predicting will happen. One side of the fence are bears who are betting on a recession with CV getting worse. Other side are bulls seeing potential great buying opportunities at the low, especially, when CV is contained soon and we have all these stimulus and low interest rate to support V shape recovery. After that, then maybe another bubble crash with all the free money.
Trump and the fed are powerless. This isn't about printing more money.The vicious loop has started . Nationwide lockdown is very probable. The virus will roil the economy for months . It's just starting .