Fundermentals- U.S. stock indexes closed sharply higher Friday, notching a pair of fresh records, as Wall Street wrapped up a week framed by optimism over the prospects of vaccines and treatments for COVID-19 and yet gloom over a spike in the viral outbreak in the U.S. and Europe.
Markets also remain sensitive to talk of the possibility of another fiscal aid package that could help workers and businesses, despite a lack of political momentum to achieve a pact in the aftermath of a contentious U.S. presidential election.
Technical Analysis- Price currently around Monthly Resistance Zone which has been tested multiple times in the past, anticipating a great area to sell with price action patterns. I'll be looking at taking Counter-trend entries on the 4HR this week.