FOR THOSE WHO THINK WE ENTER A NEW BULL MARKET, THINK TWICE. I MEAN , YES , IF WE LOOKING AT "THE BOOKS RULES" WE WENT UP MORE THAN 20 % FROM THE LAST LOW, SO THAT USUALLY IS A VERY STRONG SIGN OF A NEW BULL MARKET, BUT THIS TIME WE NEED TO TAKE IN CONCIDERATION ALL THE FUNDAMENTALS. THE COVID 19 STILL HERE AND NO ONE KNOWS WHAT WILL BE THE OVERALL IMPACT ON THE GLOBAL ECONOMY. RIGHT KNOW WE KNOW THAT THE UNEMPLOYEMT RATE IS ON HISTORICAL LEVELS, AND I THINK IT IS JUST THE BEGINING. IMAGINE ALL THE BUSINESSES THAT WILL OPEN, START PAYING RENTS, SALARIES , UTILITIES BACK AGAIN BUT OPERATE WITHOUT ANY COSTUMERS? IT IS VERY CLEAR THAT THE CONSUMER WILL NOT START SPENDING RIGHT AWAY. IT WILL TAKE WEEKS IF NOT MONTHS UNTIL THE CONSUMERS WILL START FELLING SAFE TO OPEN THEIR WALLETS. IN THE MEANTIME, ALL THE COMPANIES AND STORES WILL NOT BE ABLE TO KEEP ON RUNNING AND EVENTUALLY THEY WILL HAVE TO SEND THIER EMPLOYEES HOME AND SOME BUSINISSES WILL GO BK. THAT NEW REALLITY WILL PUT MUCH MORE PREASSURE ON THE MARKETS. IF YOU LOOK AT THE CHART, YOU CAN SEE THAT THE S&P 500 STRUGGLES UNDER 2900 LEVEL. FOR THOSE WHO KNOWS ABOUT CANDLESTICKS, YOU CAN CLEARLY SEE THAT WE ARE VERY CLOSE FOR A STRONG MOVE. COMBINING THE FUNDAMENTALS I JUST MENTION, IT LOOKS LIKE WE ARE ABOUT TO SEE THE BEARS BACK ON THE GAME. THE UPTREND LINE IS HOLDING THE INDEX FOR NOW, BUT AS LONG AS WE ARE UNDER 2900 LEVEL AND UNDER THE 200 SMA, THAT LINE SHOULD NOT HOLD FOR LONG. BREAKING DOWN CAN PUT STRONG SELLING PREASSURE. PLEASE BE CAREFULL OUT THERE.