SP500 Technical Analysis Update (Short Squeeze or Fake Breakout?) | FAANG Stocks Earnings Coming!

In today's S&P 500 (SPX / SP500) technical analysis update I deep dive into todays performance (4/27/2020). I will be taking you into multiple timeframes to give you a clear picture of what is brewing in the stock market. Will we see a stock market crash (bull trap), or will we see a short squeeze take place bringing us to more highs?

You be the judge, I am here just to walk you through what I see and how I plan on trading.

Keep in mind that we have been in a channel now for a couple weeks. My guess is that we are sideways because of the highly anticipated dense earning season! FAANG stocks are just about to report earnings. Will this take us to new highs? to new lows? or will we continue to go sideways.

Let's find out!

If you have any questions, please leave them in the comment section below!

LAST S&P 500 VIDEO UPDATE (4/24/2020):
https://youtu.be/tzhQMr-BU4c

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DISCLOSURE: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only