Saturday, March 14, 2020

More Upside Next Week After Wall Street Staged Its Biggest Rebound Since 2008?


More Upside Next Week After Wall Street Staged Its Biggest Rebound Since 2008? 

Previous  Price Action Don't Look Too Promising !
Since 2  to 11 Mar Dow Jones Index have failed after every rebound without a follow through buying and in fact prices got lower subsequently .
Donald may have choosed to declare national emergency to combat the Covid 19  just 30 minutes before the market close to catch the short sellers . He also caught the market by surprise by directing the US Energy Dept to purchase crude oil for the strategic petroleum reserves . The annoucement triggered a wave to program short covering that lasted until  the closing bell. Chances are short covering rebound do not last very long.   


All posts and charts are for educational and illustration purposes only

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