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Positivism before the start of the US session

US stock futures jumped on Monday after headlines for the virus in Asia showed potential stabilization in the US.

In Asia, South Korea reported fewer than 50 new cases of infection in day two. China also does not publish new fatal cases since April 6.

The DOW rose 1600 points, marking its third highest gain ever.
The S&P 500 jumped 7% to its highest level since March 13.

DOW 4h chart
SP 500 4h chart

However, these movements could be a deep correction for the reason that the United States is still most affected by the epidemic.
An important factor is the information that will be published today at 5.30pm from the economic calendar.


 Trader Georgi Bozhidarov


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