Here is a snapshot of the Australian SPI200 Futures contract on a Daily chart with TrendViper trend indicator. Looking at the screenshot taken on MetaTrader 4 on 17.03.2020, we can see that there was a very clear signal warning investors of the approaching bear market.
The Coronavirus has brought mayhem to the markets. Investors and traders feel completely overwhelmed by what is happening. All those speculators chasing profits on Hourly charts will most likely get hurt by the great uncertainty and jitters of the markets.
This daily chart reveals how the SPI200 gradually climbed to the highs of 7150 only to succumb to the new pressures and demands of market speculators in these harsh times.
Thanks to the ADX power filter, there were no false signals generated on Moving Averages crossovers in what seemed a sideways, slightly bullish market.
Then on the 25.02.2020, the fast Moving Average of 5 crossed the slow Moving Average of 50 and the signal was confirmed by the ADX power filter embedded in the TrendViper trend-following system.
The signal was right on the money and the bearish momentum was so strong that there was hardly any pullback after the crossover. After the signal, the price of the SPI200 dropped significantly, exceeding losses of over 2000 points in a matter of two weeks.