https://quotes.ino.com/charting/?s=INDEX_DJI
move to the upside is stalling out, while moving averages are converging. the market has a decision to make.
break up above the congestion, or get rejected by this major resistance.
With trade reduced, manufacturing closed if you aren't "essential". The vast number of people (consumers) who have been laid off for a month now, and have depleted what little savings, if any, that they had. This will result in further destruction of demand. So, I can't see the market having anything to go on except future optimism (hope). Because even if we "opened up our country" now, it's going to take months for consumers to rebound.
You occasionally post about gold. I saw this article on the side, and found it very interesting. And with all the money the world is throwing at this virus, I can't help but to agree.
https://www.ino.com/blog/2020/04/gold-could-fly-over-a-helicopter-throwing-money/#.XqI-S39rypo