CordovaCapital

There's No way the Bullish Trend is sustainable. S&P Crashing

Short
There is huge money propping the market upward last week and on Monday in the setting of increasing corona virus prevalence with New York having a huge medical need right now. This is just starting and the economical impact is going to be huge throughout the pipeline in the month of April and likely continue Through May. We may hit that prior resistance seen as shown on the chart with a rapid decline once these other states start getting hit hard soon. I am a physician and a few states are already begging for doctors and nurses to come help. This stimulus also will take a while to hit small businesses and some of the details only help businesses to a limited extent on payroll, interest and utilities. There will be a huge gap on what wont be covered and the additional debt this placed on stressed companies. I personally feel like this is a time bomb about to blow.
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