The S&P RSI shows bearish divergence.
In addition a double rising wedge.
Combined with fundamentals (oil, unemployment) a recession is unstoppable.
The S&P is bound to drop with at least 10% in the coming days. A trigger moment could be the unemployment figures released tomorrow (Thursday 23/04/2020)
In addition a double rising wedge.
Combined with fundamentals (oil, unemployment) a recession is unstoppable.
The S&P is bound to drop with at least 10% in the coming days. A trigger moment could be the unemployment figures released tomorrow (Thursday 23/04/2020)