03/24/2020 Live Update
Posted: Tue Mar 24, 2020 9:27 am
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If not counting the halt then it's kind of ascending triangle, breakout is more likely, probably will test the yesterday's overnight high. Don't know whether the "help package" has passed or not and not saying it'll go like the past this time, just to remind you that in year 2008, there's a package, first it wasn't passed the market tanked, Dow made a record down that haven't been seen for many years, then those politicians got scared passed the package the other day, while they were voting the market rose and rose and as soon as they passed the package, the market sold sharply and from then on the darkest several days in year 2008 started.
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If not counting the halt then it's kind of ascending triangle, breakout is more likely, probably will test the yesterday's overnight high. Don't know whether the "help package" has passed or not and not saying it'll go like the past this time, just to remind you that in year 2008, there's a package, first it wasn't passed the market tanked, Dow made a record down that haven't been seen for many years, then those politicians got scared passed the package the other day, while they were voting the market rose and rose and as soon as they passed the package, the market sold sharply and from then on the darkest several days in year 2008 started.