S&P Could See More Gains

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Markets have responded positively to the recent US Stimulus and could move higher. US lawmakers agreed to a $2 trillion stimulus bill, which also supports small households. The Dow Jones index rose more than 11% and showed the biggest move higher since 1933. Positive news so far for Donald Trump, who fears a recession coming before the general election in November.

This move could be present for a while as even negative corona death toll numbers did not do any harm for now. We can see that the rebound in the markets could last for a while as the current situation, especially with the government aids, that keep pushing investor confidence.

We’d, therefore, bought the S&P500 (SPX500) at 2486.00 with SL at 2200 and TP at 2875.00

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