S&P 500 Futures keeping Friday’s upside momentum to 3,480.
During the weekend, news broke the US House Speaker Pelosi turns down Friday’s proposal from Trump, concerning the coronavirus (COVID-19) aid package worth near $1.8 trillion. This pours cold waters on expectations of further stimulus from the US government.
Technically, price is heading towards out of the box and targeting a retracement level on 2.618 fibo or move ahead higher into 3.82 fibo cycle resistance level.