29 Jun 2020 ● 07:39 AM
US indices fell back to the lower Bollinger band and the 2984 level should be a good support for the S&P 500. Ideally this holds and another leg up starts from here. The sell off on Friday has too many scared but it was mostly on the back of news around FB losing the business of 2 MNCs for the month. FB was just pressurized to monitor hate speech especially ahead of US elections. Mostly they give in and things go back to normal is what I sense from that factor.