LagunitaLLC

SPX (04/28/2020) - Shorting time!!! (p1)

Short
SP:SPX   S&P 500 Index
FA
-Oil crash
-FED is considering raising interest rates to make up the loss in tax revenue.
-The US can't take out more debt for a second stimulus ($1 trillion dollar limit).
-Earnings are being released.

TA
SPX hit 2880 resistance and barely hold it this morning.
-Squeeze momentum in the daily chart is bearish.
-RSI is going down.

Good luck and thank you.
Comment:
FYI, FED changed the rule about withdrawing money from saving account. Limit 6 transactions per month (varies from bank to bank).
Comment:
FED eliminated that rule
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.