THE STOCK MARKET IS GETTING DANGEROUSLY CLOSE TO THE ‘MOTHER OF SUPPORT ZONES’ $AAPL $MSFT $AMZN $FB $TSM $INTC $NVDA $SMH $SPY $QQQ $SQQQ $DIA $DJIA $SPX
President Trump said Tuesday the U.S. will experience a “very, very painful two weeks” because of coronavirus suffering and death. As a result, the stock market has fallen. However, stocks rose after Dr. Anthony Fauci, director of the National Institutes of Allergy and Infectious Diseases, said a few days ago that as many as 200,000 Americans may die from the deadly virus.
The stock market is complex. Sentiment, securities positioning, technical aspects, short-squeezes and other inputs sometimes overrule the facts.
Here is the key question for investors: Will the “mother of support zones” in the stock market hold? Let’s explore with the help of two charts.
April 1, 2020