On top of this, looking at international pressures, China's Manufacturing PMI came out below expectations over the weekend: https://gyazo.com/ba7a4440456d0a8b8949b1545f0baeb4 This may put pressure on the US economy, for a China slow down does not bode well for the US economy, and rates will continue to be put on hold as a result.
Technically, it seems that the DOW is at resistance levels again. Also, there is some divergence showing up on weekly, daily and 4 hour charts, which supports a short position on the US Market.
Technically again, the daily has already begun to break down below its upward sloping .
With all this say, I will continue to hold a short position until "the evidence shows in the data" an in the charts that are economy is expanding once again.
I still expect at least a shallow pullback next week in the market. So, for now, I hold the short on the SPX with an open mind.
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