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Stock market plunges on virus fear

Stocks opened lower as expected and crashed -2.40% on virus fear. This makes the market correcting another 7.5% within the original 10.6% correction. Kind of a correction inside a correction since we haven’t fully recovered from the first one.

This also breaks all previous patterns (unless we recover by the end of the day) and makes the double top pattern more likely.

 

S&P 500 failed cup and handle
 





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