Update on $SPY, Good news-New Stimulus package will hopefully be passed this week. Bad News-More cases, Unemployment report coming out. Level 340 was finally broken and the downtrend is very strong. Looks like we'll enter the "Death Zone" at 213 and strong possibility of reaching 185. 43-55% down with recession ahead I think this would be where we consolidate, but I've been wrong before and I've also never been in something like this....NEVER. Stay safe out there and manage the risk reward ratio in the coming days.
