We have been writing that the stimulus package won’t be announced anytime before the US Presidential elections. Also, on our website, we have been constantly reminding you that the overall flavor of the market is highly bearish. Today, S&P500 made a low of 3308 while this update is being made. We were expecting a minor recovery that didn’t happen and the support at 3350 has been breached.
On Friday, Jupiter enters Sagittarius navmansha amidst a Full Moon.
Will the market turn worse? Our clients have been holding puts in S&P500 since it was trading at 3500.
