7:28 AM · 21 February 2020

BREAKING: Coronavirus strikes back

Risky assets choke yesterday in the later afternoon and a volatile mood is being observed today in the morning as well as there are signs that coronavirus spreads beyond China. Indeed Japan and South Korea, where we saw death cases, introduced more limitations that could affect business activity. Meanwhile, China informed about a 92% decline in car sales in the first half of February. US500 is declining for the second day as it tests an upper limit of a previous channel – now as a support. Traders should notice a negative divergence with the oscillator.

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