I completely agree that the markets are going to get angry again, maybe not tomorrow, but we have surely come close to the top of the DCB, and we will go and re-test the original bottom.
My reasoning is that we have become obsessed with re-opening, now we are looking into the logistics of the re-open, a lot of business can't survive on only 30-40% capacity, there is no clear end on when 100% capacity will emerge, likelihood of extra stimulus and govt's piling up more debt as the unemployment numbers soar and re-employment is slower than thought.
Market is way too optimistic and I think gets back to near the 2200 S + P.
a2m has no worries, as this is so strong against macro trends, we might see some profit taking, but feel it will be quite stable during a potential re-test.
None of the above is based on charting or technicals, just the newsflow. I live in London currently and this is going to take a long time to de-frost.
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I completely agree that the markets are going to get angry...
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