Buying stocks here is like picking money from a tree. The best week for the stocks IN HISTORY is coming next week. Jokes aside, you truly should be buying here, not selling. The panic is at a maximum right now. Buy the blood. 3300 might have been an exageration, but 2950 SPX is very possible IMO.
FWIW, SPX declined 302 points from 13 Mar when I posted this. Net delta turned positive today for the first time since 20 Feb.
Interview with a German virologist -highly credentialed. Worth watching for a different take. Some really good facts.
Markets can 'crash' up or melt-up, as it's called. Main trigger is short-covering. That does apply in this case as major markets are heavily shorted. I also strongly believe (as if my belief matters, lol) - the PPT will help the Institutional money get repositioned out of their shorts through repo bullshit. When they are sufficiently long, up it will go. But, yeah, probably slower and steadier than the crash. Still, there will be jumps. Don't know about limit up days. Speculatively, the 'panic' selling of last week and the stop-hitting of the first part of the crash allowed the short covering to be largely completed. The repo carry trade will allow money to flow in again. But it's all pretty murky, so don't mortgage on my advice, please.
Thank you for sharing this, the questions is the market used this to deflate, when this will settle and turn, is the question for me as a trader asks.