$SPX down -1.3%- Market Update 5 March

Highlight of my evening coverage before the US open and how to trade it
$SPX lost the battle st 38888 and gone done further.
Post Biden euphoria (buy on the rumor, sell on the news) is over and market is heading south
Economic data from China 80% crash in car industry
Around the world, trave, tourism and commodity crash
US bond market flashing warning , treasury below 1%
Fed emergency rate cut did nothing, raising alarm rate cut and monetary policy will not fix this problem

How to trade: Market will go lower. If you have a Long position, close it before EOD today.
Short is still a good play, for day trading or keeping the short if you can

Let me know what you want me to cover more, trading side or economy and I adjust.

Commentaire:

Since my update, $SPX dropped -1.77%.
Ugly wont describe what is to come. Don't say I didn't warned you