Markets have been on a relentless tear upwards for the past 10 weeks. FED has provided the liquidity to keep the markets afloat. Corona, economic devastation, 40 millions unemployed, and other 6 sigma events have not made a dent in bulls resolve.
The extraordinary anger and more devastation over the weekend have dented the open and ES futures are pointing to a lower (-0.33%) down. But the day is long and bulls have immense FED liquidity power.
Time will tell if the stock market remains completely diconnected from main street pain.
SPY support is at 298, 296, 294, and then 292.
The extraordinary anger and more devastation over the weekend have dented the open and ES futures are pointing to a lower (-0.33%) down. But the day is long and bulls have immense FED liquidity power.
Time will tell if the stock market remains completely diconnected from main street pain.
SPY support is at 298, 296, 294, and then 292.