The wedge broke but the rally isn't over until it breaks the channel, much like last summer. Depending on what happens with China the next few days, we either see another leg up or another leg down.
Keep an eye on the possible rate inversion... I've got a chart posted.
Keep an eye on the possible rate inversion... I've got a chart posted.
If they don't get a deal done over the weekend, I expect a replay of last fall. Definitely a double bottom, if not worse. If they get a deal done, expect full pumptardedness to new ATH.
I'm not placing any bets on Pumpkin face to get a deal done. 25% tariff on all Chinese products will send us into a recession.
If you 're the type of person that has to be long on something, look at restaurants and utilities. The only things that are green today besides dead cat bounces.