The Battle for 2000 starts and a Bear market warning occurs as the market punches effortlessly through the 200 simple moving average at 2021. The 200 MA is a benchmark Bull/Bear line in the sand.
We may try to rally here, but the Target now looks even like more likely to be 1935-40, corresponding neatly with the early February high.
With such a fast and violent move it will take some time to stabilise, and this also has an adverse affect upon the signals being generated by price alone.
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