You all know I trade with a very keen eye on the technicals, “coupled” with an “extremely keen eye” for the fundamentals.
I think we can all agree……the fundamental picture is clear. The bubble has been popped ( as foreseen many MANY months ago ) and the “recovery” will be an arduous journey spanning months ‘n months “if not years” if we consider the sociological and even cultural impact.
Do you honestly think things will simply “get back to normal”? Do you really think you’ll be shaking strangers hands / interacting in society “as per usual” in coming days / months? If ever?
Perhaps you’ve already second guessed your “humanitarianism” walking by a stranger in a mask? Or if I dare suggest…”someone from China”??? ( oooooooooooh ) = ridiculous. He he he….caught you. Shame on you really. Shame on us.
You don’t even exchange eye contact…and god forbid you actually “touch”.
You think you’re gonna get all “warm ‘n snuggly” a few months from now? Common…….yet expectations are that the ENTIRE WORLD just gets back to “normal”? Please.
Technically – here is a look at what a “typical” next wave down would look like, considering the severity:
Take it for what it is. We COULD rally a touch further, as its impossible to nail it exactly but..
If you don’t have a plan ( whether it is the right plan or not ) you stand zero chance of effectively trading this.
“Hopium is not a plan”.