SPY hammered again on Friday after opening gap down. Twice in a row SPY has done that.SPY is channeling in a wide range from 270 to 296. Volatility is decreasing as SPY consolidates. 
OIL is stabilizing which will benefit beaten down energy sector. 
ES futures are now poised to gap up about 1.2% on open. Powell's reiteration over the weekend of unlimited funds for stabilizing the econmomy is music to bulls ears.
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