FA -Trump extended social distance guideline -Airlines reported losses in revenue -Unemployment is now over 26 million people. -Highest death toll from Cov-19 today. -484 billion bills have been passed -EU consumer confidence index felt into a low record. -Tech companies are slowing down hiring. -Second wave of lay-off is coming. -Gilead's drug has failed expectations -Foodbank is overwhelmed (Please help them if you can) -FED all-out money injection: 500 billion operational injection+ 1 trillion repo (04/24/2020). The same thing will happen on Monday. newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
TA -RSI moving down -The squeeze indicator is preparing for a high volume movement downward. -Higher volume is expected -Closing high -The bearish trend is confirmed if SPX is down to 2780 level
Good luck and thank you for your supports.
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A rebound in the final hour
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It broke. However, FED is trying to prevent the crash today. SPX will crash next week instead (not Monday for sure).
It is really interesting to watch Feb's pumping changing from several times a week, to one time a day, then several times a day... Wondering what's the limit they can do...