Last week I said NASDAQ will crash to 7415 regions and it did. Is there a possibility we make a bounce from here? Well, Maybe. Will it crash and remain in the bearish territory? Maybe.
There are some fundamental factors that are currently moving literally everything in the Financial markets. Fed and Central Banks are trying to cope up with the recession and trying to cut interest rates. Trump tried to cut taxes as the previous Republican Presidents did.
Fun Fact: Every time there is a Republican President Elected there is a recession.
Let's see if we handle this and make a bounce from the levels which we are currently holding (A 70% probability).
Or we crash for the next 2 years(30%) probability.
I am observing for potential longs if it makes a V-shaped or a W-shaped recovery else this will continue till the coronavirus Vaccine comes just to convince the market.
There are some fundamental factors that are currently moving literally everything in the Financial markets. Fed and Central Banks are trying to cope up with the recession and trying to cut interest rates. Trump tried to cut taxes as the previous Republican Presidents did.
Fun Fact: Every time there is a Republican President Elected there is a recession.
Let's see if we handle this and make a bounce from the levels which we are currently holding (A 70% probability).
Or we crash for the next 2 years(30%) probability.
I am observing for potential longs if it makes a V-shaped or a W-shaped recovery else this will continue till the coronavirus Vaccine comes just to convince the market.