A Strong Bounce Is Coming 强劲反弹即将来临

The Dow has the largest point drop in history today, down 1190.95 points, -4.42%! S&P 500 and Nasdaq Composite are down 137.63, -4.42% and 414.29, -4.61% respectively. From all time high to today, the Dow, S&P 500 and Nasdaq Composite are down 11.51%, 12.22% and 12.93% respectively.
It is a lot for the market to drop so much in only 8 days. Today, 86% of stocks are down, stocks that made now low is 9 times that of new high , 83% stocks are below 50 day moving average, and 69%stocks are below 200 day moving average. I am not saying the market is not going to go lower later with the coronavirus threat, but in the short term it's very oversold and extreme. A strong bounce is in the horizon. Especially when the volatility index VIX is at the highest level in the last 2 years and the CNN Fear and Greed index is at the extreme fear  level of 13 ( the lowest I saw before was 8). These extreme pessimism is like stretching a rubber band to its extreme and release, it will shoot to the other direction quickly.

The S&P 500 is at 2978, below its 200 day moving average 3046. Since it closed at its low today, there may be some more downside coming tomorrow. The next support band is 2872 to 2940. So if it does not bounce right away, it will likely bounce at the support band. So get ready to make a quick buck.  This is for trader who can afford to lose only, Good Luck！

道指今天下跌点数为历史上最大，下跌1190.95点，-4.42％！标普500和纳斯达克综合指数分别下跌137.63，-4.42％和414.29，-4.61％。从历史最高点到今天，道指，标普500和纳斯达克综合指数分别下跌11.51％，12.22％和12.93％。

市场在短短8天内下跌太多了。今天，有86％的股票下跌，创新低的股票是创新高的9倍，有83％的股票低于50天移动平均线，有69％的股票低于200天移动平均线。我并不是说受着冠状病毒的威胁，市场不会再走低。但是从短期来看，市场已是非常超卖和极端而即将出现强劲反弹。尤其是当波动率指数VIX已达到在过去两年中最高，并且CNN恐惧和贪婪指数处于13的极端恐惧水平时（我之前看到的最低水平是8）。这些极端的悲观情绪就像将橡皮筋拉到极限并释放一样，它将会朝另一个方向强劲回弹弹。

标普500指数现报2978，低于其200日移动均线3046。因为今天收于低点，明天可能还会跌些。下一个支撑带是2872至2940。如果市场不立即反弹，则很可能会在支撑带处反弹。因此，准备赚些快钱吧。这是只适合能承受损失的交易者，祝好运！