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STOCK MARKET STATUS AS OF FRIDAY – 05/15/20
FED CHAIRMAN POWELL GAVE THE STOCK MARKET A JOLT TO THE DOWNSIDE AND SINCE THEN IT’s FINISHING THE CURRENT UPTREND AT A LOWER LEVEL!
But that could end today (Friday) and we could see the “reversal” back to the downside before today’s close, or for sure at next Monday’s open. So it’s time to put your bear hat on and enjoy a fabulous ride to the downside.This new downtrend could last for many weeks and I will be identifying the new sequence counts so we can “swing trade” the big sub waves down/up. Be there or be square!
Enjoy The Ride Down & Happy Trading, Robert H. Anderson