Stock Market Outlook entering the Week of February 2nd = Downtrend

• • ADX Directional Indicators: Downtrend
  • Price & Volume Action: Mixed
  • Objective Elliott Wave Analysis: Downtrend

COMMENTARY
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