I have drawn identical channels and even stacked them over each other at some places. Considering SPX has corrected only 6% I think this time it may have more to go when comparing past corrections. If 5700 breaks (most likely to ) then 5400,which would be about 10% correction. During Trumps last term his tariff caused a fall of 20% in 2018 Oct-Dec. This time the tariffs are more severe. So one should be cautious and not fall for short bounces
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.