SPY finished 0.5% higher on Friday after the markets, which were drifting lower before Prez conference at one time being -1% lower on the day, rocketed higher as there was no mention of additional tariffs or any words that could impact the phase one trade deal with China.
I don't recall a wider split between Wall Street and Main Street. Economic devastation as 40MM Americans file for unemployment benefits, more the 100K corona deaths in US, and looming business bankrupcies is no match for a FED printing trillions of dollars.
The support zone is clearly marked on the chart. An upthrust, per indicator, is in effect. The bullish wave stays intact at present.
I don't recall a wider split between Wall Street and Main Street. Economic devastation as 40MM Americans file for unemployment benefits, more the 100K corona deaths in US, and looming business bankrupcies is no match for a FED printing trillions of dollars.
The support zone is clearly marked on the chart. An upthrust, per indicator, is in effect. The bullish wave stays intact at present.