SPY April 1st 2020

ADP payrolls fell -27k, better than market expectations of -175k, but fed members warned the unemployment rate would rise above 10%. Yesterday morning, SPX hit this round rebound high 2641 after unilateral fall.

The SPY downside test of the opening of the day first focuses on the key support $246. The upside test first focuses on the $252. Stock before the market again encountered no difference in selling, hedging varieties became only up the plate. First focus on the software/chip/bank before the opening of the market can be stabilized low.
Trend Analysis

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