Tag: COVID-19 Death Toll
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2nd Wave Panic- Relief Rally Failing
As the COVID19 death tolls peak and stabilize, the Relief Rally looks like it’s failing. The S&P 500 lost support at its 50 day moving average. If it breaks its short term trend line at 2700, then it’s likely the index will fall to at least the 2500-2600 range. Given the extreme media pessimism over…