LagunitaLLC

SPX (04/27/2020) - Uncertainty

Long
SP:SPX   S&P 500 Index
FA
-FED pumps: 1.5 trillion: www.newyorkfed.org/m...-operational-details
-FED's balance sheet (assets) is now above 7 trillion dollars: the highest number in US history.
-Oil might suffer a crash tomorrow, which also potentially drags the market down.
-Big tech corporations will release earning this week (AMD, Tesla,...). Earnings will not be bad as people think.
-Airlines are calling for a bail-out, again.
-Commercial Industry is getting hit by unpaid rent.
-Beaches are now opened.

TA
-Expecting a volatile day.
-Open low, close flat, or higher.
-NASDAQ is going up, maybe up to 2880 levels.
-RSI is preparing for an upward movement.
-Squeeze momentum also is preparing for a high volume movement.
-Do not keep long positions overnight.

Good luck
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