Europe and Asia market hit their first resistant. US market close to their resistant as well. This is going to be the first pressure test for the market. Few scenario could be happen. It may come down, it may consolidation before another great move, can either be up or down .......
What lots of central banks are trying to do were trying to reduce the great impact on their economic and hopefully by 2 to 3 months the virus may subside during summer time. They also believe to save the economic, they have to save the stock stock first. And history has proven that like the QE1, QE2.....
Nevertheless will this time work? Is just a gamble. The root cause is the virus. It may rebound but it will come down again if we continue to see country after country having lock down, people can't go out, airplane ground ....... then we will see jobless rate go up .......... is totally a economic crisis. The longer it last, the worst it is.
People who play on rebound, do pay attention to the things happening and people around you. Do not have a fix mindset saying that the market has been bottom. With countries continue pumping money, QE ........ the bear is over. Be flexible and act fast when thing goes wrong. And always remember - Trade on what you see and not what you think.
What lots of central banks are trying to do were trying to reduce the great impact on their economic and hopefully by 2 to 3 months the virus may subside during summer time. They also believe to save the economic, they have to save the stock stock first. And history has proven that like the QE1, QE2.....
Nevertheless will this time work? Is just a gamble. The root cause is the virus. It may rebound but it will come down again if we continue to see country after country having lock down, people can't go out, airplane ground ....... then we will see jobless rate go up .......... is totally a economic crisis. The longer it last, the worst it is.
People who play on rebound, do pay attention to the things happening and people around you. Do not have a fix mindset saying that the market has been bottom. With countries continue pumping money, QE ........ the bear is over. Be flexible and act fast when thing goes wrong. And always remember - Trade on what you see and not what you think.
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