Coronavirus: What’s going on on financial markets?

Hello everyone,

Here is our today’s point of view “What’s going on on financial markets”?

First of all, we do not agree with those investors: Bill Ackman, David Kostin etc. who telling us, that they turned bullish and in March 2020 was the absolute bottom on the markets.

This week would be very interesting for traders and international investors, because on the main stock indices like DJI30, S&P500, NQ100, DAX30, MDAX50, FTSE100, JP225, HSI50 now we can see the bearish pattern formations. If this bearish patterns have confirmation till the end of this week, than we expect the second move down under the March’s low prices.

Good luck in trading,
Forex Team