It jumped back up towards my stop on it and got really close to it, after trumps comment on allowing governors to reopen their states in an effort to open up the economy..

We already know most of the governers dont want to reopen anytime soon. Trump is basically putting the decision on them so he cant be blamed for the outcomes of reopening the states early. If governors dont do it, then the blame for its effect on the economy will be placed on them and if they do open the states for business and more people die because of the virus they will get blamed for the deaths instead of trump.

But the thing is that the majority of people dont want to go back to work in the current condition and if they are asked to be back they will expect either a hazard pay or more health benefits from their employers and since most of those companies are already on the verge of bankrupcy they wont be able to increase wages or keep most of their staff employed without a government bailout anyways so its likely that we will see more protests from workers and a series of layoffs from big corporations despite reopening the businesses.

Eitherway, the economic data shows that we still havent even gotten close to the stock market bottoming out. The market is still in a bear phase and we will see the bear run continue over the next couple of weeks.

Im adding to my position (added today on 2875) and widening my stop placing it behind 3030.30 (to make sure its at a safe distance behind 61.8 fibo line, in case some spread manipulation happens) and will keep the shorts running for the forthcoming fall.

I think even if s&p500 closes up this week, it will gap down next week when we get more news on the states reopening or not.