Today we have massive earnings, especially Amazon, Apple and Google after US session close. It is unlikely that tech companies will be badly affected, except maybe Apple due to stores closing.
From the technical perspective, we see a rising channel. A break could be traded, though 3200 support is close. Further break below could lead us to test the uptrend line.
On the contrarian side, we could see more 'Robinhoods' piling the longs after earnings and push the indices higher. This year technical trading has become quite complicated as 25% of all trading is now retail.
Please support the idea and share your thoughts on S&P500!
Good Luck and Stay Healthy!
From the technical perspective, we see a rising channel. A break could be traded, though 3200 support is close. Further break below could lead us to test the uptrend line.
On the contrarian side, we could see more 'Robinhoods' piling the longs after earnings and push the indices higher. This year technical trading has become quite complicated as 25% of all trading is now retail.
Please support the idea and share your thoughts on S&P500!
Good Luck and Stay Healthy!