As long as the phase one deal between U.S. and China stays intact through the weekend, the economic impact of the trade tensions shouldn't be enough to force the S&P 500 under its 200 day moving average.
The bullish recovery seems to be continuing.
The bullish recovery seems to be continuing.
Comment:
As we progress through the week I expect the trend to follow the line I've graphed out. We should see a continued swell due to the reopenings of global economies, despite civil unrest rocking the country.