My quant model warns of rising virus cases over the next 6 weeks. No signal as of yet.
In the news: discussion of a second virus wave and retailers scramble to file bankruptcy.
The SP500 stock index shows more signs of a topping than resting before rising, but this is only when looking back five days. So, only a near-term outlook and for the moment.
There is a chance for a 100 point SP500 move in either direction. Currently favoring lower over higher.
Aug 11 low needs to hold as support for the bulls.
The market stalled this week on bearish economy opinion in the Fed's FOMC Minutes.
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