October 26, 2020, 12:03 pm EDT
Third Wave of COVID-19 Hit US and the World
COVID-19 cases increase dramatically in the US and worldwide as the third wave attacks. Stock markets respond in a bearish way that DJIA lost more than -700 points as of now.
More importantly, all major indexes lost their 50 day-moving-average lines as shown (ETF: DIA, SPY, QQQ). It is time to raise alarm on potential downtrend development.