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S&P 500 Index
Short
Apr 3, 2020
More pain ahead for stocks
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In my view, stocks are priming for their next leg down.
This one sends the SP500 to retest the recent lows. Maybe not immediately, but eventually I expect to see the price tough sub 2000 down to 1828.
If 1828 is the bottom, this would represent a 50% retracement and where I would enter the market.
However, don't use all your powder because 1459 and sub 1000 are also possible.
Less probable though.
jdharward
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jdharward
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