Possible target outlined in white. Breaking above reisistance as the economy plans to open up in early May. I still believe this looks incredibly bearish and a return to normal so quickly like this is a foreshadow of the end of the business cycle.
That being said, not point in fighting the trend now as short term bias is to the upside
That being said, not point in fighting the trend now as short term bias is to the upside
Comment:
Fake breakout as the indexes plunger back under 2900. expect high volatility with tihs degree of uncertainty and low volume
Comment:
And back above breakout line after the GDP report released today shows a contraction of 4.8%... there is no more logic in these markets, the FED is the only driver now
