Flash Crash

Good morning everyone, Welcome to Friday morning. Last night, if you were keeping an eye on the markets, you likely observed the notable flash crash that saw markets worldwide retract by 3%. At one point, we witnessed the Dow plummeting by 500 points, gold surging by $25, and crude oil rising by over 3%. However, as dawn broke over North America, the situation began to stabilize, with the Dow currently trading around the unchanged mark. In the realm of market psychology, big round numbers often wield significant influence. Today's focal point is SPX 5000. The S&P 500 has experienced a pullback over the past couple of weeks, teetering just above the critical 5000 level. This juncture presents an opportune moment for the Bulls to stage a resurgence and regain control. Failure to do so could signal trouble ahead for the market's trajectory. In today's presentation, we'll delve into a brief examination of Leveraged ETFs. That's all for now. Wishing you a fantastic weekend ahead. Stephen Whiteside TheUpTrend.com Friday, April 19, 2024 https://theuptrend.com/flash-crash/