SPX (05/05/2020)- Speculative buying vs Reality

FA
-US Treasury is seeking a $3 trillion loan. If this order is filled, US total national debt is 30 trillion dollars.
-FED lowered their securities buyback
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-California will open its economy by the end of the week. That includes clothing stores, florists, bookstores, sporting goods stores, all with curbside pick-up. However, dining in, office works, mall shopping won't be back anytime soon.
-Commercial rental is taking a hit with few tenants, especially the mall area. You can walk to the closest mall to confirm.
-Interesting Economic research is raising a red flag on the US economy and global:
gnseconomics.com/2020/05/04/the-economic-end-scenarios-of-the-covid-19-pandemic/
-Monday's rally led by big tech companies; people see them as a safe heaven. (Psychology)

TA
-Looking for a small rally to 2880 level in the open then a drop.
-Target bottom for tomorrow: 2790
-RSI is showing an upward trend.
-SPX future is showing a small solid rally.
-Volume flat or a little drop.

Good luck.