Go against the irrationality of the market and the supreme powers of the fed and you will be greeted with an inimical response instead, of the anticipated support.
Oh no poor bears. A feast was expected but abashed they lay. The Bulls awe us and reverse the burn signal .
I think we see 286 tomorrow, trade around that zone. An eventual push upward to the highs of this rally even, 300. A double top forms and our decent begins.
The reversal pattern that formed the very first days of April would be similar to the reversal we could see now which would push the market up to 300.
If it runs out of steam, a head and shoulders could also be forming.
arama-nuggetrouble
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@Dionysos_, Yes, very possible. The news is starting to sound worse and worse by the day. CA couldn't afford to pay unemployment and went begging to Trump. Infection Rates in the US have plateaued but, once they start going up again. Shit hits the fan.
dereckcoatney
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@nuggetrouble, Yep, buckle up :)
frodo75
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@nuggetrouble, Bad news for 99% is good news for 1%. The only way this market will go down is when COVID is behind us and the economy is forced to open by end of May. If the urgency on CARES-2 wanes, there will be few takers for stocks at these prices and evaluations. Worse news means more printing and more dole keeping this zombie market alive.