Wall street

In amongst the explosive price action the past six weeks, there have been a few short term reliable patterns for traders to reference. One such example is since the S&P 500 commenced falling from its 3397.50 high in February, five of the six re-opens on a Monday morning have featured the S&P 500 futures “gapping” lower on the re-open. Essentially...

Overnight the stream of bad news around COVID-19 continued, as testing confirmed the virus has now infected 1million globally and killed more than 51,000 people. Compounding the negative news flow, jobless claims in the U.S. rose to 6.65 million, taking the two week total to almost 10 million, a number that just weeks ago seemed unimaginable, prom...