FA
-Bullish factor:
+ Stimulus money is being distributed (Direct deposit). IRS will open a portal for taxpayers to enter direct deposit information in Mid April. More info on Irs.gov
+ Oil production cut 9.7 million barrels per day. Effective dates: May 1st, 2020. Until then, oil is still cheap.
+ Covid-19 cases are slowing down.
+ Trump administration is considering opening the economy at the beginning of May.
+ FED is pumping money into the stock market again.
- Bearish factor:
+ Earnings Q1
+ Unemployment rates. Expecting to have 4 million more jobless claims this week. 20 million unemployed in total.
+ Deflation is coming. As unemployment rises, fewer people are willing to pay extra money for products.
+ Small businesses are taking damage.
+ US debt is now more than 24 trillion dollars.
+ USD value dropped on Friday.
TA
+ A "M" is forming in RSI. When it finishes the "M", there will be a drop.
+ SPX broke the resistance line (Purple), there will be a short bounce afterward. (to 2888 possible)
+ Less room for long.
+ 50/50 in bearish or bullish. To 2888 level or Retesting 1990 level.
-Bullish factor:
+ Stimulus money is being distributed (Direct deposit). IRS will open a portal for taxpayers to enter direct deposit information in Mid April. More info on Irs.gov
+ Oil production cut 9.7 million barrels per day. Effective dates: May 1st, 2020. Until then, oil is still cheap.
+ Covid-19 cases are slowing down.
+ Trump administration is considering opening the economy at the beginning of May.
+ FED is pumping money into the stock market again.
- Bearish factor:
+ Earnings Q1
+ Unemployment rates. Expecting to have 4 million more jobless claims this week. 20 million unemployed in total.
+ Deflation is coming. As unemployment rises, fewer people are willing to pay extra money for products.
+ Small businesses are taking damage.
+ US debt is now more than 24 trillion dollars.
+ USD value dropped on Friday.
TA
+ A "M" is forming in RSI. When it finishes the "M", there will be a drop.
+ SPX broke the resistance line (Purple), there will be a short bounce afterward. (to 2888 possible)
+ Less room for long.
+ 50/50 in bearish or bullish. To 2888 level or Retesting 1990 level.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.