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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GoodGord who wrote (103972)	4/4/2018 5:42:36 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 220507

I think the bears will win this one, that's my guess... the 200 DMA will cause a bounce like it did because everyone is watching it... Yesterday, the SP rallied back up and into the multi year uptrend channel... but again this morning it's back down below it and I don't see how it can return back inside now, not with other negative factors now stepping onto the stage... This tariff issue could get out of hand and out of control and no one is going to back out or back down... while I agree it has to be done because we've been taken over the coals for many years by our so called foreign trade partners, it looks like we're going to have to tighten our belts for a while until this trade war is resolved and I don't see any resolution any time soon... I think we're risking a slow down and possibly a recession... I said risking if it can't be averted... GZ