Ladies and Fellars I try and stay as bullish as possible, but this is probably the most optimistic TA based off the current reality (Even if it doesn't seem optimistic)....
The reality is, life is going to get much worse for all of us in the USA before it gets better, any rally before the virus comes runs its course through the USA will be a defeating false hope...
Seems that converging price range or rising wedge kind of pattern is coming to an end & SPX500 may face strong resistance and may fall upto blue channel support line(Yellow) roughly upto 2200 levels, whereas the similar kind of behavior may also occur in other markets and emerging markets. And the other scenario is that it may break the channel support line(RED)...
