Dow futures YMH2020: 25187 was probably the low print for overnight. Buy the bottom of this falling wedge. Use a stop loss order. This is a trade, not an investment.
Expecting a 1,500 point bounce at least. Friday looks likely to be a huge up day.
Yes, possibly, this looks potentially very very bad
1929-2000-2020 Dow top on log chart
(Similar story on AAPL log chart from 1980's to now)
Frankly, planefag ad hominem anon from last bread could be indirectly right - maybe there will be no dead cat bounces. Just instead, pure carnage. Or not. IDK.
Ultimately, markets go up or down based on dynamic decisions of buyers and sellers. Those decisions change and big money moves markets.
No chart or anon is going to give you a sure bet. There's no such thing.
Hence: use stop losses and use small position sizes (especially in this insane market).
This falling wedge looks VERY clean. Odds favor big bounce, maybe dead cat, or not. Who knows.
Top gap is 3,500 points higher from here.. let winners run. Cut losses. Market's gonna do what it wants. HTH. Manage risk, anons.
Nothingness is the most merciful thing God can grant to the unsaved. Hell would be.. well, it would be hell.