SPY closed up +1.5% on Monday. Closing up on Monday has been a trend since 4/20.
For bears to stamp their imprint SPY needs to close below 300 for at least two days.
Though SPY remains vulnerable to a decline economic green shoots are supportive of the markets.
Housing data was positive on Monday as signed contracts for housing impressed, pending home sales increased substantially, and mortgage apps have been strong.
Overcoming, for the time being, impact of increase in COVID cases in states like Texas, Florida, Arizona, and California,
Today's economic data includes Chicago PMI, Case-Shiller Home price index, and Consumer Confidence Index.
Powell and Mnuchin talk with Congress today. Market moving potential.
ES futures traded listlessly in overnight session and are down -5.5 handles as of now.
For bears to stamp their imprint SPY needs to close below 300 for at least two days.
Though SPY remains vulnerable to a decline economic green shoots are supportive of the markets.
Housing data was positive on Monday as signed contracts for housing impressed, pending home sales increased substantially, and mortgage apps have been strong.
Overcoming, for the time being, impact of increase in COVID cases in states like Texas, Florida, Arizona, and California,
Today's economic data includes Chicago PMI, Case-Shiller Home price index, and Consumer Confidence Index.
Powell and Mnuchin talk with Congress today. Market moving potential.
ES futures traded listlessly in overnight session and are down -5.5 handles as of now.