S&P

S&P has been trading higher (+5%) today, partly due to the apparent peak in the coronavirus situation. We have been seeing S&P technical trend better in the 60 mins and 240 mins chart.

We can see there still room for further rebound given how far we have moved against the average as well as the picked up volatility recently. I expect the volatility will continue to trend downward. But it is also a very good time to trade for ST profit given we have seen market order is back.

I would not say we are in bull unless it is further confirmed in higher timeframe but I guess we may not see +5 / -5 day very soon.