Early European trade sees a recovery attempt following a carnage during the Asian session but so far all these recoveries were traps for the bulls. For sure investors are paralyzed with fear as number of ex-China cases increases dramatically – to nearly 1000 yesterday. With the virus now present across the globe we could be just ahead of numerous travel and business limitations, including mass cancelations of sporting and cultural events.
US500 tries to rebound from the 2900 handle but it already crashed through all the mid-term supports and the next strong support level is at a distant 2730 points.
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