I know the TA is useless in times like this, but SPY was forming this downward divergence pattern for some weeks now. The "bad news" might not bring it down.
100k cases in a day? Trade deal? I don't think they matter anymore. 2 out of 3 of my TA has shown SPY all time high soon. I'm sharing the most relevant. Be careful out there.
PS. I'm a noob, just go easy on me. My sentiment : still bearish Also, any feedbacks are welcome.
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So far so good, More positive news to come today. P/C ratio is low, seems like traders are joining with algos (is that how it is?) Immense power needed to break 3150, job data would be enough? it is all about patience for now
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Ok, If it goes above, push SL. There will be a retest at 3160
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This played out rather good, probable next step is ATH? Im in the sidelines for now, be careful about false bearish breakouts
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if this continues the up trend, expect a sell off on Friday.