SPX (04/27/2020) - Uncertainty Long

S&P 500SP

Description

⋅ Apr 27, 2020 3:11 AM

FA
-FED pumps: 1.5 trillion: newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-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

Comments

Life2020

⋅ Apr 27, 2020 5:45 AM

I thought you were bearish ? Posted short spx on the 24th
- you posted you're now long spx top of the page?

LagunitaLLC

⋅ Apr 27, 2020 5:49 AM

@Life2020, if you follow up what i wrote and updated in the comments on those posts, you can see why.