The major averages hit their session lows around midday trading after a sudden move down.
While the reason for the decline was not entirely clear, some traders pointed to some technical factors as well as a report from the state-run Global Times newspaper in China, which said coronavirus cases spiked at a hospital in Beijing. Others pointed to positions being unwound within so-called momentum stocks. "At this point, if we start seeing anything negative, it will probably force some people to start taking profits," said Christian Fromhertz of Tribeca Trade Group.
Inverting of the yield curve that the government is trying to hide. Doing all they can to manipulate with a natural economic cycle and prop up markets.
More like intend to trap more bears/shake out longs trying to break 3400. How many times have we tried doing this?
It went down
No worries folks it’s just another day of computerized organized crime on WS, the criminals have stealing $ in milliseconds down to a science lol
What does Cramer have to say VlanciPictures?
'Technical factors' GotfrydKarol 💪
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