The Russia/Ukraine conflict has already begun to short the top U.S. stock market indexes. US30, the Dow, finished negatively for the second week in a row last week and investors continue to be on edge whether the financial markets are a safe place for their investments.
Price action for the Dow is indicating this bear market will continue after creating a higher high back in January, right before a 10% fall later in the month. This correction was bound to happen, but investors were enthusiastic, causing price to pullback momentarily.
Now, everyone is bracing for a downturn. Price action, recent news articles, and uncertainty from investors have shown the signs for close to a month now. The only question left now is, "How bad will this conflict damage our markets?"
I truly believe we could hit 31,242 or lower if this conflict gets out of hand.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.