SPY rocked up in late afternoon rally and closed higher 1.1% yesterday.
Higher Corona cases and high jobless claims dipped SPY to a loss of 0.9% in the early going.
FED came riding in to rescue with some modification of Volker rule for financials. Enough news for bulls to buy dip again.
The Squeeze momentum indicator remains divergent but SPY remain above support zone.
So bulls still have the ball as the market consolidates in a sideways chop.
ES futures are trading down -3.5 handles as of now suggesting SPY opens neutral for RTH trade.
Higher Corona cases and high jobless claims dipped SPY to a loss of 0.9% in the early going.
FED came riding in to rescue with some modification of Volker rule for financials. Enough news for bulls to buy dip again.
The Squeeze momentum indicator remains divergent but SPY remain above support zone.
So bulls still have the ball as the market consolidates in a sideways chop.
ES futures are trading down -3.5 handles as of now suggesting SPY opens neutral for RTH trade.
Nota
Having a steep sell-off with SPY about to lose 300 level. Bulls be careful.
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.