FA
-Unemployment claims reached 30 million.
-Covid-19 spiked before the re-opening in Texas. The curve hasn't fully flattened yet (Dr. Fauci)
-FAANG stocks have already reported their earnings.
-People are taking profits.
-FED 500 billion short-term pumps at 8:15 am.
-Sell in May is happening when most of the profitable tech companies have reported their earnings.
-FED start to slow down their securities purchasing.
TA
The drop on Thursday broke the bullish trend, suggesting a drop.
RSI is having a lower-high. Formed a completed "M" => Bearish
Squeeze indicator - neutral.
Bottom line: Short every bounce.
-Unemployment claims reached 30 million.
-Covid-19 spiked before the re-opening in Texas. The curve hasn't fully flattened yet (Dr. Fauci)
-FAANG stocks have already reported their earnings.
-People are taking profits.
-FED 500 billion short-term pumps at 8:15 am.
-Sell in May is happening when most of the profitable tech companies have reported their earnings.
-FED start to slow down their securities purchasing.
TA
The drop on Thursday broke the bullish trend, suggesting a drop.
RSI is having a lower-high. Formed a completed "M" => Bearish
Squeeze indicator - neutral.
Bottom line: Short every bounce.