FA -Bullish factor: FED is considering a $600 billion loan package for corporations/ companies with up to 10 000 employees or sales up to $2.5 billion in 2019. GOOG earnings beat revenue 41.16 vs 40.2, but miss expectation on EPS 9.87 vs 10.38. This lead to a spike in google stock as well as a bullish factor in NASDAQ. This is matters because Alphabet is one of the 5 stocks which have a huge impact on current stock indexes (DJI, SPX, NASDAQ).
-Bearish factor: GDP will be released at 8:30 AM. Speculative buying leading to overpriced. The entire stock market rally is based on "hope". People will take profit from this spike. TA -Open high -A bounce after touching the trend line. -Retesting 2950 level (0.618 Fibonacci). If it breaks this level, stocks might set higher (1-2%) or a drop (2-3% back to 2880) -RSI lower-high, contrasting the stock market.
Good work as usual... 2949 next to 2951.52, the fed at 2 o' clock with the FOMC, then donald PUMPYNG ajja O the news of GILD once again, if the AH bursts that 2952, you think there could be a rejection for 2600 bearish tomorrow with unemployment that seems that the market is not interested or distrusts it. What if I found BADDEST was the issue of GDP, q2 could be -40% of GDP
twinkel-star
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Thanks for this analysis. Keep it up
nevermadeapenny
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just got another 1,000 DRVs, I am all in.
Stefan_Kn
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If the good news of Remdsivir is proved to be true... Guess we are going to see another rally up?
LagunitaLLC
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@Stefan_Kn again, small sample size. Only 397 people,, we don’t know size effects
kylegierman
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I have the .618 Fibonacci at 2934
LagunitaLLC
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@kylegierman, I just round it up considering marginal movement