Between the optimism of the previous session and the data on unemployment benefits in the USA, which again surpassed 6 million. Investors were left without a level of understanding as to the meaning to print in today’s session until the FED entered on the scene, and what an entrance. The largest central bank in the world, which had already demonstrated that it is no joke, put even more chips in the all-in, announcing a $ 2.3 trillion program to support the economy, entering fields never travelled before.
Indeed, and to try to clear any doubt that there will be no shortage of money, the FED will support the market for loans to micro, small and medium-sized companies, as well as finance municipalities. Now, this attitude, even more than the amounts, was like a blanket of tranquillity in a feeling that was up to now very shaky, allowing Wall Street futures to gain stability and upward trend, which translated into an upward opening of the North American indices. Americans. Valuation that after a lateralization until lunch time now appears to be with a little more momentum, however I emphasize that in the technical analysis there is a resistance zone in the S&P500, in the area of 2,850 points, which corresponds to the 50-day moving average, we will see how the index will behave in that test.
