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Pro traders are of the opinion that the indices will register a second decrease

V or W shape

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If you think the market adjustment is not over, you are definitely not alone. A study of Strategas Research Partners among 500 institutional investors states that 57% of them think the SP500 will be lower than the one created on February 9th. The survey highlights increased levels of doubt among professionals even when the weekly advance helped the S & P 500 cover half the losses. Technically, skeptics also have a history to boost negativism among market participants. In each of the last two adjustments, the so-called "W Bottom" is observed, followed by a full recovery of the index. We currently have only one part of the formation or so-called. "V-shape". Increasing US inflation and investor concerns around the Fed's decision have the power to cause a second downturn to form the second part of the double bottom. According to a large number of professionals, it is only afterwards that we have to look for long-entry entry.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

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