S&P 500 Index
Short

SPX (04/16/2020) - Correction territory!

456
FA
+People expect to see another 5 million jobless claims tomorrow. However, this number will be less next week, as jobless claims are peaking.
+Retails reported 8.7% drop in sales.
+Small businesses are having a bad time with paying rents + payrolls.
+Haven't receive a stimulus check yet? Visit: irs.gov/coronavirus/get-my-payment

TA
-The bullish trend on SPX will need a drop in order to secure the trend. If stock fall below the light blue line, there will be a sell-off.
- The squeeze indicator is setting up a downward movement.

Good luck.

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