LagunitaLLC

SPX (05/04/2020) - Short Entry

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SP:SPX   Índice S&P 500
FA
Warren Buffet sold all Airline stocks.
FED Repo will slow down
FED Securities buyback will be lowered this week.
www.newyorkfed.org/m...-operational-details
Gilead will start to make move this week by donating their drugs to Cov-19 patients.

TA
SPX Future is showing a drop of 1%.
RSI in coiling up in 45m chart, preparing for a short re-bounce.
The target for Monday drop: 2770
Entry time around 30-1 hour after the market opens due to FED's repo.
VIX comes back, high volume is expected.
Open high, close low.

Good luck.
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