Bearish Development - Covid
This could provide a turn in the market to the bearish side. I created 2 quick scripts that compare the change in daily deaths to change in daily cases. On average there seems to be about a 10 day delay between a new uptick in cases followed by a new uptick in daily deaths.
Why did new cases stay the same and deaths went down?
The only reason I can possibly explain this is that the majority of new cases for awhile was the younger generation with a lower risk of death.
Why should I be worried now?
We've been consistently hitting new all time highs in cases for nearly 2 weeks now. New daily deaths are starting to climb and with a bit of a jump too. This next week will tell us if the new uptick in cases was due to a lot of false positive testing, or was the result of a lot of people contracting covid. If this is the case a MASSIVE uptick in hospitalizations and deaths will happen. Spy puts may be in the cards.
Why did new cases stay the same and deaths went down?
The only reason I can possibly explain this is that the majority of new cases for awhile was the younger generation with a lower risk of death.
Why should I be worried now?
We've been consistently hitting new all time highs in cases for nearly 2 weeks now. New daily deaths are starting to climb and with a bit of a jump too. This next week will tell us if the new uptick in cases was due to a lot of false positive testing, or was the result of a lot of people contracting covid. If this is the case a MASSIVE uptick in hospitalizations and deaths will happen. Spy puts may be in the cards.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.