FA
-Cov-19 death toll spiked today
worldometers.info/coronavirus/country/us/
-FED is preparing to buy ETF (mainly bad corporate debt)
marketwatch.com/story/fed-says-it-will-start-buying-corporate-bond-etfs-in-early-may-2020-05-04
-More economy data will be released during this week.
tradingeconomics.com/calendar
TA
There were multiple rejections in NDX during the market hour when NDX tried to come back to the strong bullish trend (green lines). As a result, a drop happened.
Tomorrow, we will expect to see a reversal signal, if and only if NDX opens with a gap down and hold 8830 level (below EMA) til closing.
So far NDX is trading above the moving average, which means bullish.
Bottom line: flat or little bullish.
Good luck.
-Cov-19 death toll spiked today
worldometers.info/coronavirus/country/us/
-FED is preparing to buy ETF (mainly bad corporate debt)
marketwatch.com/story/fed-says-it-will-start-buying-corporate-bond-etfs-in-early-may-2020-05-04
-More economy data will be released during this week.
tradingeconomics.com/calendar
TA
There were multiple rejections in NDX during the market hour when NDX tried to come back to the strong bullish trend (green lines). As a result, a drop happened.
Tomorrow, we will expect to see a reversal signal, if and only if NDX opens with a gap down and hold 8830 level (below EMA) til closing.
So far NDX is trading above the moving average, which means bullish.
Bottom line: flat or little bullish.
Good luck.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.