Day by day the situation with a trade war is getting worse. On Friday, for example, the Mexican peso showed the strongest drop in the last seven months after the announcement of the introduction of new US duties on Mexican goods in response to the flow of illegal immigrants. It was a surprise to the markets since the agreement between the USA, Mexico and Canada...
The index look like it's testing the YTD resistance but the volume (9-day MA) is turning down, which might be a signal that the resistance might hold. Though the index is in a upward trend and the MACD is making new highs so there's hope that the resistance might be broken. With amount of noise in the market, the trade wars, the Brexit, and everything that's...
