United States are on the verge of a big damage. Covid 2nd Wave, US-Sino tensions that are firing again and investors' stress are the major reasons that keep them alive right now. Also it's really noteworthy to mention that Dollar is also about to be completely ruined as DXY index is being hammered down violently this week and Gold is making historic highs. Only reason that US currency is still staying in the game is that it has the title of "Global currency".
But lately we see that investors start losing their faith in USD and short it with no mercy. Whenever bulls tried to stand up this week, they got shut down by massive bearish waves that broke support after support of the DXY.
So for me, it remains a big question why equities haven't crashed yet. I highly believe that buyers putting their last hopes these days. Covid vaccine will be a medicine to the US markets and the Dollar both, but time is not with buyers part this time.
Great points and thanks for the confirm! The market has lost its thrust for awhile now, but has simply been running on the fumes of manipulated input, along with some hopes and dreams. It's been propped up a lot longer than I thought possible.
GeorgeZii
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@farmerisland, I really expect a second equities devastation in a size such that it will bring S&P at least at the 50% Fibos before it finds serious support. July is investors' last hope for recovery. If it doesn't happen watch everything down again.