More and more people are calling for a V shape recovery and for certain the chart looks like this.
And if you ignore the economical and fundamental facts we can all be happy, drink margaritas and sing Kumbaya, for sure most of us will be out of a job and have time to spare...
Leaving the joke aside what's happening on Wall Street looks like desperation and distribution on higher prices, not at all like a V shape recovery.
From a technical point of view, SP500 is in 3000 zone resistance and it can easily pass this to "make the news", it will last, for sure, NO!
In my opinion spikes above 3000 should be sold for a drop to 2200 zone.
And if you ignore the economical and fundamental facts we can all be happy, drink margaritas and sing Kumbaya, for sure most of us will be out of a job and have time to spare...
Leaving the joke aside what's happening on Wall Street looks like desperation and distribution on higher prices, not at all like a V shape recovery.
From a technical point of view, SP500 is in 3000 zone resistance and it can easily pass this to "make the news", it will last, for sure, NO!
In my opinion spikes above 3000 should be sold for a drop to 2200 zone.
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