If you look at the Fibonacci Retracement on the S&P 500, it tried to break the 38.2% level 3 times and failed all 3 times. With the US beer virus cases getting worse and a growing estimate on the number of deaths it seems like the markets might just not have priced in the worst of this (thats what happens when you listen to Trump) so its 🐻🐻🐻 all the way from here. If the spy doesn’t break below at least 210, I will go bald.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.