On analysis of the moves of since opening on the first trading session of this week, I find that the growing hopes over decreasing numbers of COVID-19 new cases. A bullish start seems to lose steam amid growing worries over the long-lasting damaging impact of the pandemic COVID-19 on global supply chain; beyond the expected time limits.
The steady have achieved more strength above the level of $1665 amid still prevailing worldwide uncertainty in global equity markets. The current rally in S&P 500 futures still looks weak and the prevailing indecisiveness may trigger heavy selloff any time; as the S&P 500 futures are still facing stiff resistance at the current level, what they have achieved after a sudden pop-up from the lower levels.
S&P 500 Futures
Gold Futures
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