Previous Price Action Don't Look Too Promising !
Since 2 to 11 Mar Dow Jones Index have failed after every rebound without a follow through buying and in fact prices got lower subsequently .
Donald may have chosen to declare national emergency to combat the Covid 19 just 30 minutes before the market close to catch the short sellers . He also caught the market by surprise by directing the US Energy Dept to purchase crude oil for the strategic petroleum reserves . The announcement triggered a wave to program short covering that lasted until the closing bell. Chances are short covering rebound do not last very long.
All posts and charts are for educational and illustration purposes only
