Hello Traders,
Looking at the weekly chart for S&P, we are starting to see the double top rejection, and this event is coinciding with China retaliates against the US with higher Tariff.
Trade talks between the US and China broke down last week without a deal, so expect major downfall similar to what we saw back in late 2018.
Key supports are $2560, $2370, and $2120.
Happy trading.
Looking at the weekly chart for S&P, we are starting to see the double top rejection, and this event is coinciding with China retaliates against the US with higher Tariff.
Trade talks between the US and China broke down last week without a deal, so expect major downfall similar to what we saw back in late 2018.
Key supports are $2560, $2370, and $2120.
Happy trading.
