While the SP500 was on track to re-test record highs through today and into tomorrow, Trump doing what Trump does best: rekindling the trade war for seemingly stock market manipulation.
It seems that we are no closer to any trade deal between USA-China, and this continued escalation will continue to wreck havoc on the global economy and eventually USA economic numbers. This will likely force further rate cuts down the road.
I suspect a very similar outcome to what we saw in late May; I am targeting a hard short to 2822 for SP500 before a re-test towards 3000. Trade policy, monetary policy, geopolitical and political issues will indicate at that time whether we fail to re-test 3000 or make new records.
Pro-tip: Long Gold/Silver/Proven Weed Stocks
- zSplit
It seems that we are no closer to any trade deal between USA-China, and this continued escalation will continue to wreck havoc on the global economy and eventually USA economic numbers. This will likely force further rate cuts down the road.
I suspect a very similar outcome to what we saw in late May; I am targeting a hard short to 2822 for SP500 before a re-test towards 3000. Trade policy, monetary policy, geopolitical and political issues will indicate at that time whether we fail to re-test 3000 or make new records.
Pro-tip: Long Gold/Silver/Proven Weed Stocks
- zSplit
ความคิดเห็น:
Prediction playing out to 100% accuracy right now. Our bottom was 2822 as I stated and we will potentially get close to 3000 this week but ultimately (IMO) be rejected around 2985.
Stay tuned for further information.