March 12, 2020 — THURSDAY AM
Futures reopened Wednesday evening amid the 30-day European travel ban due to coronavirus and sold off 5+%, which led to another lock limit down. We may see a repeat of Monday’s session, wherein the market drops another 2% after the open and sees a 15-minute suspension down 7%. Overall, more selling pressure is likely ahead until markedly good news begins to be seen. Crude Oil may see a push to the week’s lows, and curiously, Gold is also seeing selling pressure.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss