As we know global macro economy under pressure as COVID-19 economical effects. Otherwise bulls continue rally in markets. Only hopes and nothing else let traders to buy and keep, but one moment please, what happens in real economy? Only fall, unemployment and crises which will accompany 2020, it's possible even 2021. So funds can't keep their position while economy explode.
SOON everyone will sell positions and then we will see new minimum, bears will replace bulls.
SOON everyone will sell positions and then we will see new minimum, bears will replace bulls.