LagunitaLLC

SPX (04/23/2020) - Sell-off ??

Short
SP:SPX   S&P 500 Index
FA
Key vaccine researcher got fired by Trump administration.
CDC warned about the 2nd Cov-19 wave in Winter.
Trump's conflicts with the economy opening this Friday (Georgia).
Jobless claims expected to be 5 million.
Keep eyes on the Oil price.
Airlines' revenue got trimmed in Q1 ( Delta).
Another wave of lay-off will start soon (Social services, oil industry, automaker, REIT)
FED pumps (same schedule).

TA
Downward trend.
Expecting a higher volume.
Open low, close high.
Wait for a break-out downward to 2715 level to confirm the trend.

Good luck.
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