Corona Virus Feb 24th 2020 Update

Markets finally recognized the risks COV19 have on the global economy, with the DJIA falling by more than 1000 points on Monday Trading.

This was just after DJIA made new all time highs just last week.

South Korea saw new cases of infections skyrocket in just a couple of days. Italy potentially is following a similar path, with a sudden increase to 230!

Both highlights just how contagious the COV19 virus is, the importance of strong government action  to contain the spread of the virus, and most importantly, if left unchecked, how easy this epidemic can soon turn into a global pandemic.

If we start seeing these sudden increases in more countries, we will sooner rather than later, have a pandemic on our hands.

So, what is wallstreet telling us.

I will show you 2 charts.

DJIA Yearly charts

Price 'reacting' off MULTI YEAR resistance nodes on the DJIA ( 1000 point single day drop an understatement ), on the back of a potential global pandemic.

ES weekly 

Weekly DRPO sell signal.

If you understand our tools, DiNapoli techniques, and the impact of trading timeframes, you will be able to understand exactly what this is telling us, both in terms of where the market is likely to trade, and the path COV19 will take.

Since the COV19 emerged from Wuhan China, I have been actively trading the markets daily and following the latest developments on COV19 with great concern.

You can see these updates on my blog, or if you are subscribed to my Weekly Focus Newsletter.

While it might be still too early to call this a global pandemic, it sure looks like the beginnings of one.

Importantly, the markets have now only started to recognize the inherent risks to the global economy and that risk to global financial markets, is starting to show up on the charts!

That is why I approached my mentor, Joe DiNapoli, Godfather of Fibonacci Trading technique, to do a special webinar event to discuss the Corona Virus, and its impact on the Financial markets.

We will also discuss at length, our trading methodology, and show you how our techniques have nailed the markets with pin point accuracy since news of the COV19 first emerged.

More importantly, we will share with you important insights to what the charts are telling us, right now at this moment, and what you can do moving forward to best protect yourself.

This could have serious ramifications to your wealth, health and overall well being.

You wont want to miss this.

We will notify you on the webinar event soon.

Watch this space!