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Germany’s economy is faced with a steep recession in 2020, estimated between 6.5% and 8.5%, while it battles a resurgence of Covid-19 infections.
The S&P 500 fell hard during the day on Friday, but the thing that you should pay more attention to than the negativity is the fact that the 3000 level is still a hot zone for both buyers and sellers.
The NASDAQ 100 fell pretty significantly during the trading session on Friday as traders began to worry about the United States’ situation as there are multiple states showing signs of a spike of the coronavirus.
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Growth forecasts for the German economy have been revised lower, following a series of global GDP adjustments to the downside.
The S&P 500 broke down significantly during the trading session on Thursday, reaching down towards the crucial 3000 level during the Globex session.
The NASDAQ 100 initially fell during the trading session on Thursday during the Globex session but found plenty of support near the 9900 level to turn around and rally.
The stock markets was hit during the trading session on Wednesday, as we continue to worry about whether or not there is going to be a vaccine for the coronavirus situation, but quite frankly there has been a lot of cracks under the ice for some time.
The NASDAQ 100 formed a negative candlestick during the day, piercing the 10,000 level but did break back above it.
Covid-19 infections continue to rise, with North and South America accounting for the most significant increase.
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The S&P 500 broke down a bit during the trading session on Tuesday, reaching down towards the 3050 handle before finding buyers to form a bit of a hammer.
The NASDAQ 100 has had an interesting day, pulling back during the early hours to reach towards the 10,000 level before finding buyers yet again.
The S&P 500 has initially gapped lower during the trading session on Monday, but then turned around to not only fill that gap at continue going higher.
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The NASDAQ 100 rallied a bit during the trading session on Monday, as we are broken back above the 10,000 level.
The NASDAQ 100 was all over the place during the trading session on Friday, as the quadruple witching continues to cause chaos in stock markets overall.
The S&P 500 has gone back and forth during the trading session on Friday as the quadruple witching session always causes mass chaos.