I think SPX still has a bit of dumping to do before recovering – hopefully.
Coronavirus news hasn't been too great and China continues to have closed factories which will have a massive impact for the US Economy and Global Economy. We can't forget how most of the products we have have had at least 1 part in them that was made in china, and that has massive implications for the economy.
For companies like Amazon this might be great – they're usually very stocked up and I assume there is a high demand or there will be for products from Amazon as the markets start to run out of products.
Monday will be where we will discover a lot, the market is still fragile and any news will probably have a toll on the market. This coronavirus has massive implications for the economy and I can only see it getting worse to be honest.
Oh yeah, and I wouldn't advise betting purely based on my analysis.
Thanks for reading
Coronavirus news hasn't been too great and China continues to have closed factories which will have a massive impact for the US Economy and Global Economy. We can't forget how most of the products we have have had at least 1 part in them that was made in china, and that has massive implications for the economy.
For companies like Amazon this might be great – they're usually very stocked up and I assume there is a high demand or there will be for products from Amazon as the markets start to run out of products.
Monday will be where we will discover a lot, the market is still fragile and any news will probably have a toll on the market. This coronavirus has massive implications for the economy and I can only see it getting worse to be honest.
Oh yeah, and I wouldn't advise betting purely based on my analysis.
Thanks for reading
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.