FA -Trump extended social distance guideline -Airlines reported losses in revenue -Unemployment is now over 26 million people. -Highest death toll from Cov-19 today. -484 billion bills have been passed -EU consumer confidence index felt into a low record. -Tech companies are slowing down hiring. -The second wave of lay-off is coming. -Gilead's drug has failed expectations -Foodbank is overwhelmed (Please help them if you can) -FED all-out money injection: 500 billion operational injection+ 1 trillion repo (04/24/2020). The same thing will happen on Monday. newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details TA -RSI moving down -The squeeze indicator is preparing for a high volume movement downward. -Higher volume is expected -Closing high -The bearish trend is confirmed if NASDAQ is down to 8600-8620 level
Good luck and thank you for your supports.
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*A rebound in the final hour
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It broke. However, FED is trying to prevent the crash today. SPX will crash next week instead (not Monday for sure).
thanks for your sharing, will you close your short and open again on Monday if you expecting it drops on Tue only?
And what is the target for this drop? Thanks!