FA -Unemployment claims reached 30 million. -Covid-19 spiked before the re-opening in Texas. The curve hasn't fully flattened yet (Dr. Fauci) -FAANG stocks have already reported their earnings. -People are taking profits. -FED 500 billion short-term pumps at 8:15 am. -Sell in May is happening when most of the profitable tech companies have reported their earnings. -FED start to slow down their securities purchasing.
TA RSI is having a lower-high. Formed a completed "M" => Bearish Squeeze indicator is suggesting a bearish squeeze with a large volume.