The Dow Jones had recaptured the 50% Fib. retracement at $24,080. If it is able to hold on to this level during reporting season and can also recapture the $25,375 level 61,8% Fib. retracement I would starting to feel more neutral about this huge mess in front of us. For now the DJI appears to allow for a neutral investment strategy. My personal opinion is (this is not financial advise) that reshifting investments into physical gold (my digitial alternative is XAUT), diamonds, whiskey, land, crypto, short term US treasury bonds and cash (you never know if your bank will be open tomorrow!).
Please have a look at the related ideas link to see the comparison to the Great Depression of the 1920s - 1930s. That is why the 50% Fib. retracement is so interesting to observe.
A drop after / during the Q1 reporting season and more and more of the mess becoming visible caused by the Covid-19 (Corona) measures may still trigger this scenario that I still expect if the DJI cannot stabilize itself comfortably above the 50% or better the 61,8% Fib.
Please have a look at the related ideas link to see the comparison to the Great Depression of the 1920s - 1930s. That is why the 50% Fib. retracement is so interesting to observe.
A drop after / during the Q1 reporting season and more and more of the mess becoming visible caused by the Covid-19 (Corona) measures may still trigger this scenario that I still expect if the DJI cannot stabilize itself comfortably above the 50% or better the 61,8% Fib.
