Direct from the desk of Dane Williams,
This is not your average forex broker blog.
Last week we saw the SPX touch daily support.
It held up for a couple of days as the Fed pumped literally trillions of US Dollars into the system.
But Friday night's close looks mighty ugly on the daily chart.
SPX Daily:
Goodbye support.
Things look even more ugly on the weekly chart.
SPX Weekly:
Jesus.
What happens Monday morning is going to show where the markets are really at.
Best of probabilities to you,
Dane.
@forexbrokr | Hive Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Crazy week. 8 sigma selloff.
Glad to see you on Hive! Following.
I don't think this is anywhere near the bottom either.
Scary stuff really.
I wonder when the virus permits re-opening of most establishments and the economies start working again, will the insane amount of stimulus rocketlaunch us to 4000 SPX :P