S&P 500 Reopening Reversal May Trigger Series Of Gap-Downs Ahead
Satendra Singh | Apr 19, 2020 04:11AM ET
On analysis of the movements of S&P 500 futures, I find that the reversal from the lower levels before weekly closing may result in the advent of gap-down series once again as the same as in March 2020. There is no doubt that a gap-down on the first trading session of the upcoming week, below the level of 2776, will confirm the advent of a gap-down series; which is likely to continue from April 20th to May 20th, 2020. I find that the S&P 500 may test fresh lower levels during the month of May; amid growing uncertainty over the reopening business globally.
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