[isatrader]

Thanks Isa, I very much appreciate the education. Yes, I am not looking long stocks given the spx is in stage 4. What do you make of QQQ breaking above its 30 MA on the weekly (quite the moves in AMZN and TSLA)? I guess this is probably not meaningful until the SPX and DJIA also follow above their 30 MAs.

There's a chance that we could see some separation in the market as the Nasdaq is made up in large part of Technology and Health Care stocks, which are doing the best during the crisis so far, whereas the other indexes like the S&P 500 have more broad exposure to all sectors. So the Nasdaq 100 will likely continue to outperform until the weaker sectors like Financials begin to recover.