Coronavirus and S&P

It is the first time that I have a situation like this while studying indicators like these ones, so I am going to document what is going on.

The starting snapshot

4 weeks after the historical highest SPX when was at 3400 points this is what happens.

Initial view

  1. The McClellan oscillator seems to decrease the fall, in theory it begins to draw a divergence, which to me it still needs a few days to confirm.
  2. The “strong hand” sales volume is supposed to be decreasing, but the SPX is still down.

Things to watch:

  1. The US senate, congress and the FED agree;
  2. the impact of the COVID-19 in US.

To be updated soon…

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