|S&P 500 Index (SPX) Daily chart|
|SPX:VIX Daily ratio chart|
(he says an overall mortality rate of around 1%, but check out Italy's rate below)
SPX Weekly chartN.B. There are 3 types of gaps in a trend:
breakaway, continuation and exhaustion.
If the second gap holds, we could see much lower prices
before the final exhaustion gap is made.
Following President Trump's oval office (9:00 pm ET) address to the nation on the coronavirus pandemic, the S&P E-mini Futures Index (ES) nearly tagged 2600 right before trading was limit-down halted Wednesday night, as shown on the following daily chart.
Tomorrow should be interesting.
|S&P 500 E-mini Futures Index (ES) Daily chart|
|Click this link to view the video|