Last time we bounced of the 0.786 fibo retracement we had a large spike. We've got also a good support with the up trend line We're really moving in a tight range at the moment and I can only see a big move either way but we won't stay flat very long A break out upward wpuld be very bullish
@ProfitHarvest, tough to make a call for this week...
You'll have on one side these banks earning calls which could go either way as I suspect they will try to provision and park all their write offs in the books for this quarter, at the same time the investment banks should have make good profit on the quarter...
on the other side you've got Florida & California which in all likelihood will be forced to shut down at some point when their hospitals will be full...