Re: Hard to watch
in response to
by
posted on
Oct 28, 2020 08:54AM
How low can it go?! SP is dangerously sitting /trading right at 50 MA, that suppose to be a strong support +/- .10 , if SP will not hold there – then it can go as low as $9, $8, I don’t want to see that.
All stochastics are screaming oversold. MACD, RCI, etc. But as we know water raises all the boats , so and opposite. Personally I hold core portfolio and small trading one but at this point we all can use few green days.
Markets look awfull, Covid numbers are clouding investors mind , I think.
A lot of those cases are related to young people who went to school, got sick and got better in next 3 days. I know kids of my neighbors who did that. It is older folks like me who need to be careful. Politicians plus covid = market overreaction.
Regardless , same way as I was predicting pullback about month ago ($8) – I can see $18 in two month . (US dollars) Good luck everyone.