SPX500 at inflection point

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Will this news be the straw that breaks the camel's back ?

From chart, we can see the price has reached an inflection point, ie. 3119.60 where it fell on 26 Feb 2020, retraced twice , 3 Mar and 5 Mar but subsequently failed to break out and come tumbling down to a low of 2200 on 23 Mar.

So, some sellers who bought late on 26 Feb and suffered almost 30% loss would be relieved and happy to sell it off later at 3119.60. The protest and looting news could be a trigger point, giving people a voice over the injustice and unfair treatment to the Afro Americans. The pent up anger and frustrations of the job loss coupled with the lock down led to many Americans who took to the streets and seek revenge from the Government, blaming them for not doing enough for its people.

President Trump ratings is going downhill as well.
Will he be re-elected on his 2nd term as President of the United States ? Can he truly make America great again ?

注释
what a nice number it closed last Friday. 3188.80.
Chart PatternsTrend Analysis

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