SSO - Technically Speaking: Market Rises As The Economy Reopens
The question, however, is what happens next? While there has been much debate from the economic perspective, the market has risen in anticipation of the event. Is it an "all clear," for the bulls, or are there still longer-term concerns.
To analyze what potentially happens next, let's review where we left off.
"On a very short-term basis, the previous 'deep oversold' condition that provided the 'fuel' for the rally has been reversed. Also, all primary 'overbought/sold' indicators are now fully extended into overbought territory."
"If the markets can rally more on Monday and break above