I've been screaming this to my partner for months and was looked at like a kid crying wolf. Lol. Wellp. I've also known it a going to test almost every major low point over the last year or so. This is normal recession/market crash levels right now. What does freak me out a little is there's no real strong support if we continue lower than 505.48 (current support level) and past 487.65. Then it's free-fall down to like 401.19
It’s always like that because no one has readjusted their positions. Now, will they…
Tariffs factored in, this selling seems coordinated, it’s too strong, and maybe multinational positions being liquidated, but my reason for that is we’re almost at covid % sell off. Ik Ik uncertainty etc
We’ll see how it plays out but seems like room to hit higher lows and maybe long road to recover near mid / end of term
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u/SpaceViking85 1d ago
I've been screaming this to my partner for months and was looked at like a kid crying wolf. Lol. Wellp. I've also known it a going to test almost every major low point over the last year or so. This is normal recession/market crash levels right now. What does freak me out a little is there's no real strong support if we continue lower than 505.48 (current support level) and past 487.65. Then it's free-fall down to like 401.19