Tuesday 31 March 2020

March confirmed February

The SPX saw a net March decline of -369pts (12.5%) to 2584.


February saw a hyper bearish engulfing candle, and that was fully confirmed, with the SPX imploding to 2191. Despite a recovery to 2641, and settling at 2584, monthly momentum is accelerating to the downward side.

At the current rate, MARCON 5 will occur June/July.
*I'm often overloaded, and this MARCON page has been one of the last things on my to-do list.