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Stock market and spx is a downtrend!

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Apr 16th, 2020
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  1. So, for the first time in history, the retail investor bought the bottom point, do you think it's seriously possible?
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  3. Many people think of themselves as the new genius of the markets who buys the bottom in a panic.
  4. Naturally, they don't remember professional investors who usually wait for a reversal or bottom confirmation after months or years of a downtrend, but never buy long term in the first wave.
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  6. Needless to say, this local dip was a great short-term buy, but is not the entry point for long-term investment.
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  8. Don't forget a long-term professional investor in the market for a long time and there is still in profit, we are in a rebound and I can guess that many investors taking profit from here.
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  10. What makes me laugh many people on the stock market we short the market for years and again and you know what? At this time the market is getting bearish, they go long.
  11. I have seen frequently bears who think it was great short in 2017, but right now we are way above the price of 2017 and of course even higher than at the start of 2019 do you seriously think about the situation current and as good as in 2017? No of course and do you really sincerely think the market situation is better than at the start of 2019??? No!
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  13. For the first time, the GDP is falling like in all the key countries, and before I remember if the GDP was lower than expected people was like "short the market" and now people don't believe this but we are in negative GDP as very probably never seen like this before.
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  15. Sure you will say, but "the coronavirus will be gone soon, so everything will be fine" yeah, but if many companies go bankrupt or avoid bankruptcy, jobs will be cut to make money and many persons could end up at unemployment and as a result not getting money and therefore not able to buy anything and it will progressively reduce consumption therefore less profit for companies...
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  17. From a technical point of view, we have undoubtedly reached a 50% retracement, we will apparently continue the downtrend soon... of course, we can go higher but not above 3100 anyway.
  18. My target? I mean the lowest possible in my opinion like 2000 and below maybe even below 1600.
  19. Look at google trend hit all time high on all search about market like "How to buy stock" "SPX500" "Stock broker" "Investing" "Finance" Beware the herd was never so much interested in the market in the internet age
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  21. The news headline seems to be extremely positive right now mostly about financial and also in the futures of the coronavirus.
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  23. You know what this means.
  24. The current low is not the bottom it should be broken.
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  26. You can't compare with the end 2018 correction reasons this was we go down only 20% don't stay below, not like right now we go down around 35% from top so really stay below 20% the bear market level.
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  28. Also look at psychological aspect in December 2018 really not many people bought at the dip and like probably no one ever think about V bottom and market sentiment was extremely terrifying even The President Trump talk about this and said seem like a bear market. Now I saw too many people call at V bottom in a situation which isn't likely.
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