Rebound Over. Red Color Again


6th day rebound is officially over today when all major indexes drop about -4% as of now. All S&P sectors are in deep red again. Consumer staples behave the best like Dow only components Walmart (WMT) and Procter & Gamble (PG) were able to stay positive. Obviously, defensive mode is turned on for this type of markets.

As Trump warned that the next two weeks would be difficult in terms of widespread of virus. Both infected numbers and death tolls are skyrocketing.

Markets may keep going down until major support DJIA 18000 for next 1-2 week.

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