Weekend Stock Market Outlook - March 15 2020

The stock market outlook remains in a downtrend; no change in the ADX, price/volume, or Elliott Wave.  Uncertainty still rules the day, and will continue to do so for the next few weeks at a minimum.

The S&P500 ($SPX) shows massive price movement and high trading volumes.  The volatility reminds me of the late 2000s, but it's definitely not the same. 9% price moves are just crazy, not to mention a week straight of 5% or greater moves...in an index of 500 companies!

And as if we needed more black swans flying around, OPEC and Russia decided to enter a price war over oil.

More commentary after the jump...Stock Market Outlook - Week of March 08 2020