The questions that are on everyone’s mind is…Will the stock market crash? Will the sell off continue or should I buy the dip? Is this the beginning of a market crash? In order for any one to answer these questions without the benefit of hindsight is darn near impossible. What we can to is use technical analysis and look at key levels in the stock market to give us context as to what might happen next. By doing so we can create trade plans and strategies. The current price action of the stock market saw an aggressive sell off today as soon as Donald Trump tweeted that the stock market again was at all time highs. By the end of the day the Nasdaq 100 wiped out 6 days of progress. The candlestick patterns that are forming suggest more bearish times are coming, but with all the news that can come from the ECB, Fed, Vaccine news, etc…That can all change very quickly. Be sure to watch the entire video to gain context on where we stand in the current market conditions.
(VIDEO) Will The Stock Market Sell off Continue?!
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