SPX (04/28/2020) - Shorting time!!! (p1)
FA
-Oil crash
-FED is considering raising interest rates to make up the loss in tax revenue.
-The US can't take out more debt for a second stimulus ($1 trillion dollar limit).
-Earnings are being released.
TA
SPX hit 2880 resistance and barely hold it this morning.
-Squeeze momentum in the daily chart is bearish.
-RSI is going down.
Good luck and thank you.
-Oil crash
-FED is considering raising interest rates to make up the loss in tax revenue.
-The US can't take out more debt for a second stimulus ($1 trillion dollar limit).
-Earnings are being released.
TA
SPX hit 2880 resistance and barely hold it this morning.
-Squeeze momentum in the daily chart is bearish.
-RSI is going down.
Good luck and thank you.
Komen:
FYI, FED changed the rule about withdrawing money from saving account. Limit 6 transactions per month (varies from bank to bank).
Komen:
FED eliminated that rule