The chaos from the virus has made the market implode. From a technical point of view this is too much too fast. There is a bounce coming. Long term, the virus may take the market much lower. But there is no reason not to profit from the situation now. As soon as the market find a base, our systems will be issuing a buy alert for short term position. ETF prices such as SPY are very attractive. A gap down at opening tomorrow would be a good thing for us sitting on cash. Nobody, I mean can predict the low in short term. Heads up to our subscribers: stay tuned for a new trade signal.
Market ThoughtsETF Trading Thoughts & Advice