The S&P 500 has notably failed to take out the 38% retracement level in the region of 1014, and there is a plausible case that suggests that support levels around 950 may have to be tested again.
This coming "recovery" is not going to feel like a typical one, and those expecting a "V"-shaped recovery are simply making projections from previous economic recoveries, which, based on the fundamentals, are not warranted.
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