As US markets continue to seesaw on hopes and fears over the direction that the coronavirus pandemic is taking. A peak, much less a curb seems to be way off for the U.S. We, therefore, believe that when it comes to the Dow we could see another leg lower today.
Signs intensify that the real economy (especially in the US) will be hard hit and hence markets could turn lower. We added to our Short again in the Dow selling at 22797 with SL at 27000. We use a wide stop as the volatility in the markets stays at elevated levels. This itself is another sign of a potential crash down.