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re: S&P 2350 Major Pivot (We closed ABOVE it)
Posted on 3/18/20 at 5:29 pm to Tigers4life
Posted on 3/18/20 at 5:29 pm to Tigers4life
quote:
I thought the price action late in the day looked promising also.
Wait until those unemployment numbers roll in in a couple of weeks. Unemployment offices are handling daily what they were doing monthly in many places.
I think a lot of people were saying Mnuchin was just throwing shite at the wall when he said 15% unemployment....I think that's actually a conservative estimate. That will prove that GDP is shrinking more than anyone estimated and it will be a hellish day for the markets on 4/3.
Posted on 3/18/20 at 5:49 pm to mmmmmbeeer
Agree...unemployment and jobless claims numbers are very important for the longer term trend. I'm just hoping for another relief rally of some sort.
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