.SPX: The Tariff Talks are the Tip!

MasterWU
05-12

Hello everyone! Today i want to share some trading analysis with you!

1.

On the Air: (1) will be over the Pacific Ocean when the market opens; so, won't do much until noonish Monday.

(2) feel fishy about the "deal", as the damage is done and the positive outcome has been priced in, largely.

(3) will fade the pump when it hits the wall near 5750-60. $S&P 500(.SPX)$

2.

To Subs:

(1) new development from Swiss Talk altered the short-term roadmap; expect a gap-up to test 5760-70 zone, the DMA 200 &100 level resistance.

(2) remember the normal high for the rebound phase would aim at 70% range, roughly 5760. Over it, bearish count needs revision.

3.

Lost control and prepare for impact.

This is the weekly chart and some violent moves are inevitable, very soon.

The tariff talks are the tip, and THIS is the real iceberg (with some relevant cousins across the Pacific Ocean).

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