The CFTC COT Weekly report shows that the net positions increased from 130k to 78k, bullish indicator. On the other hand, the candle from last week rejected the 0.5 and 0.382 fibonacci levels. I will be waiting for tech earnings reports to get a direction of the index. I'm still expecting tech stocks to perform well despite the macroeconomic situation.
We should see a recovery to the upside after Trump's covid announcement. Unless there's more negative news, price most likely to test 18000, 0.618 level.
GrizzlyBearBee
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@quanttraderX the recovery has a high probability. He's supposed to be out of hospital today, according to the doctors. This is positive for the markets