ES futures are again buoyant in the morning and at present up 21.5 handles.
That's been the pattern most of the time since Mar 23.
Let's see if they fade SPY during RTH again, as has also been the pattern lately.
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From Motley Fool. Bear case about why the next crash is on its way.
1. Our COVID-19 knowledge is still evolving
2. A second wave of infection appears likely
3. Business activity will be slow to bounce back
4. Stimulus funding is nearing an end
5. Second- and third-quarter earnings will be awful
6. Wall Street can't provide stepping stones for Q2 or Q3
7. Say goodbye to share buybacks and some dividends
8. Mortgage loan defaults are likely to rise...
9. ... As are auto loan delinquencies
10. The Federal Reserve has used up its "traditional firepower"
IMO, for bears to get traction SPY needs to close below support zone.
Market bullish case:
FED put supports markets.
Economic green shoots are sprouting.,
That's been the pattern most of the time since Mar 23.
Let's see if they fade SPY during RTH again, as has also been the pattern lately.
---------------------------------------------------------------------------------------------------
From Motley Fool. Bear case about why the next crash is on its way.
1. Our COVID-19 knowledge is still evolving
2. A second wave of infection appears likely
3. Business activity will be slow to bounce back
4. Stimulus funding is nearing an end
5. Second- and third-quarter earnings will be awful
6. Wall Street can't provide stepping stones for Q2 or Q3
7. Say goodbye to share buybacks and some dividends
8. Mortgage loan defaults are likely to rise...
9. ... As are auto loan delinquencies
10. The Federal Reserve has used up its "traditional firepower"
IMO, for bears to get traction SPY needs to close below support zone.
Market bullish case:
FED put supports markets.
Economic green shoots are sprouting.,