Stock Market Outlook entering the Week of February 2nd = Downtrend
- ADX Directional Indicators: Downtrend
- Price & Volume Action: Mixed
- Objective Elliott Wave Analysis: Downtrend
The stock market outlook switched over to a downtrend early last week, as markets reacted to uncertainty surrounding the coronavirus pandemic.
While the pandemic was unexpected, the reaction by financial markets wasn’t. Uncertainty creates a fear of losing money, which drives investors to reduce their risk of loss.
What can you do? Adjust.
A lot more commentary after the jump…
Stock Market Outlook – Week of Week of February 02 2020