Hahaha lets hope.
Was a good upnight in US indices yesterday, which is now two in a row, but think we need to see some more up nights, and consolidation higher around the 3900 mark on US indices to calm the market panic at the moment. Have seen a lot of money pulled out of small caps and volume go down significantly as panic and market uncertainty has crept in.
I thought it was interesting to see that although US markets have dropped significantly this year, recession depending on your definition, but whats not depending on definition is the US500 started the year trading 4796 and now trading 3698, thats a 23% fall of the index of the top 500 companies in US, but despite this along the way there has been periods of good bounces:
Looking in the past too, seems like these bounces do happen quite a lot in these market crashes:
So although sentiment and markets might be down, there are big rallies that occur, that dont even occur as much in bull markets, which it kind of eye opening, meaning a lot of opportunity in these crashes to trade in and out of.
Weather this can bring money back into DW8 is another story, but so far today is good trading, 0.6 already bid and 12.3 million traded (more volume than the whole of yesterday in the first 5 mins of trading.) So low very much may be in now.
(20min delay)