JuanBluer

EMA 200 already worked as a support twice before.

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
Checking the previous attempts for a bearish turnover we can see the pattern has been very similiar to this current one, the difference is on the volume, it cannot mean anything else than big investors locating their last capital before the market get stable. The same fractal appear 3 times and this one pushed buy a big volume.
On TV their is a lack of new bad news and we only can hear about new dates for reopenning plus all the cash injected into the economy system.
No technical or fundamental argument to think it's gonna shrink to any level similar to March.
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