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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 672.07-1.7%Nov 13 4:00 PM EST

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kidl
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To: Johnny Canuck who wrote (52926)5/13/2020 10:45:11 PM
From: Johnny Canuck2 Recommendations  Read Replies (1) of 67924
 
Again this feel light 2000-2001 where after a big bounce everything gave back its gains 2 to 3 percent at a time.
If you have profits have stop losses in place for another potential sell down but over weeks and months as the "new norm" gets priced into stocks. I don't expect V shaped recovery despite what the Fed and central governments want to see. It will be more of a flat to downward sloping market with quite a few bounces in the mean time.

Watching my watchlist die the death of a thousand cuts now each day.
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