This is a little late, but so far the stock markets are seeing red due to the coronavirus spread. The SP index has dropped considerably over the past week, with very little pullback to the upside.

How long will the slump occur? It is difficult to say. As of right now we know the market has been on a major upward trajectory for the past several years. Needless to say there is plenty of room below.

Looking forward, we need to look at zones, or support and resistance areas to find where we may pause or pullback from/to. We could still see some downside as companies begin fearing 3rd quarter earnings being effected by the virus spread.

Remember, manage your money by have a smaller risk compared to your profit targets. Follow your rules and stay in the game.

Published by Eric Jobb

Hello everyone, my name is Eric and I am the founder of TheFreedomGrind. I love to trade stocks and futures, It's my passion, and I will never go back. I have taken time, money, and energy learning the market. There is no secret trick, no gimmick that will get you closer to being profitable. It will take time, money, and energy to make gains as a day trader. I created the blog and the YouTube channel to provide as much useful information about trading to anyone who has the desire to become a trader.

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