All major US indexes have more downside potential this week but should find a bottom at these critical support levels and provide a new trade setup in equities soon.
Chris Vermeulen of http://www.TheTechnicalTraders.com shares his take on the weakest and strongest indexes, along with his current price forecast on crude oil. All major US indexes have more downside potential this week but should find a bottom at these critical support levels and provide a new trade setup in equities soon. Chris’ Fibonacci price extension target for crude oil is $17 per barrel, which may sound extreme but that is what the charts are pointing to.
S&P500, Nasdaq, Dow & Oil Video Analysis for March 18, 2020
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and author of the book: 7 Steps to Win With Logic
