3 big factors will reverse the bearish trend tomorrow in short-term.
+ Trump's plan: $1200 check for American working class with income less than $75000 (base on Tax return 2018). $600 for people without any tax liabilities last year.
+ Fed is going to pump $500 billions as schedule
+ Oil Price: +4% (People are looking at solutions to end the Oil war).
Other factors: Options expiration day (long), businesses are shutting down in some places (extremely bearish), testing kits are being deployed (long).
Technical: Short bounce after reaching the 2018 resistance line. This could hold the stock price for a while.
Simple: Long trading in Pre-market, Short trading midday + after hour.
+ Trump's plan: $1200 check for American working class with income less than $75000 (base on Tax return 2018). $600 for people without any tax liabilities last year.
+ Fed is going to pump $500 billions as schedule
+ Oil Price: +4% (People are looking at solutions to end the Oil war).
Other factors: Options expiration day (long), businesses are shutting down in some places (extremely bearish), testing kits are being deployed (long).
Technical: Short bounce after reaching the 2018 resistance line. This could hold the stock price for a while.
Simple: Long trading in Pre-market, Short trading midday + after hour.