After a crazy day of market plunge and spiking price of some commodities, it seems that the dust has finally settled and market changes seem a bit steadier and more positive than yesterday. The bullish trend even started late evening yesterday which was a perfect period to join the trend.
Market Shock Effect?
Whenever an incident happens, depends on how drastic the impacts are, people and by people I mean all the humans on this planet finding themselves confused and looking for answers, asking questions and having doubt about what comes tomorrow and how will it turn out. That’s the market shock effect when things usually go down for a moment, like a big hit to the head. Russia-Ukraine conflict was somehow the same case here. After just a day passing the craziness of the coming war, sanctions settled against Russia and the world felt united again. These all lead to a positive movement and a bullish trend to the markets (except east Europe and Russia which is under great sanctions now).