As it seems Coca Cola is breaking its uptrend, and this will result in some further short in my eyes. As it is a great company i am hoping to pick up some shares as it reaches levels of 38 and possibly even lower around 33.
Good luck with trading
the s&p500 kept the long term trendline despite negative news about the trade war with China. As it is now there are 2 possiblities, either we move up a little and then continue the downtrend and will be making lower lows, or we break out of the downtrend and move to the old highs.
either way wait till you have more information and trade your plan