Very, very well written - you make some excellent points. Agree re consolidation possible here, check VIX 90day chart, mean reversion often yields chop. Reaction to earnings will drive price action this week. Given big picture devastation re unemployment, gdp, virus etc I can't see non fed buying stocks near-term beyond consumer staples, Amazon ZM cv biotech plays, not much breadth to sustain rally. I was up 9k trading inverses during earlier drop this year, gave back several k bottomfishing inverses recently. So I think odds are selling accelerates soon, though I could be wrong.
%% Ray Dallo was on NPR[about the most inaccurate news group on the earth LOL] He seemed to be stuck on his ''capitalism is broke'' / guilt trip. But the oil market may seem broke or some may go broke @$20 oil. Bill Gates/MSFT seems to have got rid of his guilt trip by giving full time??
%% RAY dallo was on npr[fakest of fake news] guilt tripping on ''failure of capitalism'' HUH?? That sounds like fake news promoting panic selling of DOW when it went down oct-dec bear; SDOW did great then; I tried to sell DDM all day- I wish I had a limit order @ 34, but high '90s can work also LOL-not that its a ''failure of capitalism'' I like his top trader interview/jack schwager, he mentioned a hog trade loss + FED turning a bear into a super bull. Glad I cut a loss on RUSS, looks like the crooked commies cheated or oil buyers may do well late 2020?? Bill gates/ MSFT doesn't seem to be guilt tripped on his billions, but he is a full time giver now/medicine foundation also-God bless him/USA