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“As Trump continues to battle with the FDA, Cuomo said New York will start implementing the trial drugs to treat Coronavirus and that they have acquired 70,000 Hydroxychloroquine, 10,000 Zithromax, and 750,000 Chloroquine from the Federal Government.”
“A European clinical trial involving some 3,200 people has been launched to test four possible experimental coronavirus treatments.”
These clinical tests will be worth watching. I imagine results will start to be announced after perhaps one week, perhaps a couple of weeks.
Martin Armstrong has potential CIT dates of week of March 22nd and/or the following week.
Ray Merriman has March 20 and/or April 4.
Then there’s the Bradley…
I’ve mentioned before that the Bradley is often a load of old nonsense. However it can sometimes be very accurate. For some reason the chart shows a massive rally starting mid-April.
Expect some action to force the US dollar lower.
Pound Yen Euro vs US dollar … I would think euro
Never give up, never surrender.
Got some of that rally … nice one … element of luck
but I was following my bull/bear project so I think
it was fair and just that I got some reward.Approx 1000pt Dow surge after Fed news.
Never give up, never surrender.
Expect some action to force the US dollar lower.
Pound Yen Euro vs US dollar … I would think euro
That Fed news worked out well for euro longs.
Never give up, never surrender.
No idea where this will end the day and so I am
just going to watch and count my profit.These news spikes are often like FOMC 3ways
Never give up, never surrender.
Agreed.no surprise to see the whole rally sell off into rth end once more before the real rally begins tomorrow.thats been the pattern so far.
The first couple of hours are crucial,lets see if we can at least find support at 2250.encouraging signs of a bottom if so..at least short term
Agreed.no surprise to see the whole rally sell off into rth end once more before the real rally begins tomorrow.thats been the pattern so far.
Yes that would fit with FMOC 3 way.
1st move is the real direction.
2nd move retraces 100% or more.
3rd move exceeds the 1st move.Never give up, never surrender.
Tonight we will be told of the latest restrictions which
are likely to leave only food and pharmacy shops open
on UK high streets. With most of the people at home.Looks like we are heading back to 2008 Credit Crunch I
but in the new look 2020 Credit Crunch IINever give up, never surrender.
SPX: hmmm… the move down from 2,700 isn’t a ‘five’ but appears to be an overlapping series of ‘threes’. It looks like a descending wedge, in which case it might be a C wave…
SPX: when we look at the daily chart it’s possible to imagine not just a falling wedge from 2,700 but an even larger wedge shape from 3,100 (although this doesn’t have an overlap in the first stage).
However, in examining this, I see that it’s possible to measure an ABC down to 2,730 (for wave A) followed by a small wave B to 2,880 which then has the falling wedge C. Interestingly that falling wedge C is equal to ‘A’ at 2,220.
So in the larger picture we’ve already got a target area around 2,250 where C or 3 = 1.618 (actually a range of 2,211/56) and now the overlapping scenario which gives 2,220. Tight target range.
There’s good divergence in the RSI.
Did the market form a double bottom yesterday at the target area?
Using the 3way
Dow futures 20000 … retest or better.
Spx futures 2400 … retest or better.
Ftse cash 5430 … retest or better.
Dax cash 9100 … already retested and bettered.
After that I am not sure.
Never give up, never surrender.
VIX: last time I looked at Vix futures couple days ago it was showing 68 or so. Today 48. Big decline, and might coincide with a market bottom.
US futures have been limit up earlier.
Based on Ftse and Dax today I think
there is a very good chance we see.Dow 20000
S&P 2400Never give up, never surrender.
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