SPY TESTING ATH? Will Earnings Push Us Over? Market Breakdown
“There are enough trends out there, established by Covid, that just say, ‘Get long,’” CNBC’s Jim Cramer said on Monday.
The “Mad Money” host said that strength in the tech sector is likely to support the market, regardless of the election outcome.
“I think there’s a genuine belief that it doesn’t matter who wins. It doesn’t matter about stimulus,” said Cramer.
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$SPY confirmed it's bullish trend on the daily after it broke and closed above $333. I talked about this setup on Monday, 9/28/20.
Few things to watch as we move forward:
The “Mad Money” host said that strength in the tech sector is likely to support the market, regardless of the election outcome.
“I think there’s a genuine belief that it doesn’t matter who wins. It doesn’t matter about stimulus,” said Cramer.
-
$SPY confirmed it's bullish trend on the daily after it broke and closed above $333. I talked about this setup on Monday, 9/28/20.
Few things to watch as we move forward:
- RGEN - Regeneron CEO cautions Trump’s results are ‘a case of one,’ and coronavirus drug needs more testing
- President Trumps Health - White House physician says Trump has tested negative for Covid, is no longer infectious.
- SPY levels - After the gap up we saw back on Sep 28 (first signal of bullish trend). Easy Loot going into earnings season
