$SPY hammered again on Friday after opening gap down. Twice in a row $SPY has done that.
$SPY is channeling in a wide range from 270 to 296. Volatility is decreasing as $SPY consolidates.
$Oil is stabilizing which will benefit beaten down energy sector.
$ES futures are now poised to gap up about 1.2% on open. Powell's reiteration over the weekend of unlimited funds for stabilizing the econmomy is music to bulls ears.
$SPY is channeling in a wide range from 270 to 296. Volatility is decreasing as $SPY consolidates.
$Oil is stabilizing which will benefit beaten down energy sector.
$ES futures are now poised to gap up about 1.2% on open. Powell's reiteration over the weekend of unlimited funds for stabilizing the econmomy is music to bulls ears.