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maililnur
Apr 18, 2020 6:18 PM

Inverted S&P (hour): 2900 1st resistance, 3100 2nd resistance 

S&P 500SP

Description

Inverted S&P (hour): 2900 1st resistance, 3100 2nd resistance

Comment

Technical:
- the price is on opposite side of any average (200, 50)
- latest trend line is broken
- head an shoulders on inverted S&P
Fundamentals:
- potential damage to economy is covered by unprecedented stimulus (regulatory and cash) which ma stay till election
- short longevity of COVID crisis will help companies and household to avoid bankruptcies, so unemployment rate will decrease as fast as it increased
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