rjchilia123

Today Showed, Trumps attempt to save the market failed

Short
SP:SPX   S&P 500 Index
Could we have seen the all time highs for this expansion? Definitely possible. Trump delayed Tariffs until December yesterday sparking a huge rally. followed by an even bigger sell off today the key levels are 2950 for bulls and 2828 for bears an impulsive break below/above will be the winner my bet is the bears based on the indicators and today. The DOW appears to already have broken below its bearish target potentially meaning the others will likely follow. It looks like my 2970 target will be hit and it is possible we could see an even bigger sell-off. My preferred scenario is that we bounce off 2970 and come back up possibly make new highs and give us a good setup to put in a head and shoulders. Even though Trump failed today, him and the FED will likely be able to rescue this market at least one more time but remember the long term trend going forward will be bearish.
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