Over the past month we have seen the market decline due to the escalation of the trade war between the U.S and China. Donald Trump has imposed tariffs on Chinese goods and is slowly adding to them. So far in the S&P 500 index and DOW JONES we have seen sharp declines, and will most likely see more red in the weeks to come. On the daily chart we can see the similarities in this down turn to the last one that occurred when the trade war escalated.
Things we will be watching for will be mostly political. If the U.S and China can come to a trade agreement we could see a rally like we saw after the last major dip. The ES mini fell 500 points before reversing back up to hit new highs. If you are a Futures trader there is also money to be made shorting the market. Always use risk management and here at TheFreedomGrind, we will keep you posted on what may be to come for the market in the coming months.
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Fantastic article.Much thanks again. Will read on…