Ceasefire on trade war will take S&P to 3000 point
Updated
Hello Traders,
Good news for the markets are coming from the G20 summit, as by BUENOS AIRES (Reuters) : China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between U.S. President Donald Trump and Chinese President Xi Jinping, including no escalated tariffs on Jan. 1
Both countries agreed they will try to have this "transaction" completed within the next 90 days, but if this does not happen then the 10 percent tariffs will be raised to 25 percent, it added.
Now the uncertainity on is over, market participents will start exchanging their US Dollars with stocks, commodities and other currencies.
Technically, the S&P500 caught in side way trend since the start of the year 2018 making bu that a bullish flat corrective pattern that showes a big potential to the upside.
If we are not going to see a 4th intrest rate hike this year, S&P500 will hit 3000 points by the end of this year.
This is not an investement advice, it is for educational purpos.
Never expose more that 2% of your capital to the market.
Best Regards
Good news for the markets are coming from the G20 summit, as by BUENOS AIRES (Reuters) : China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between U.S. President Donald Trump and Chinese President Xi Jinping, including no escalated tariffs on Jan. 1
Both countries agreed they will try to have this "transaction" completed within the next 90 days, but if this does not happen then the 10 percent tariffs will be raised to 25 percent, it added.
Now the uncertainity on is over, market participents will start exchanging their US Dollars with stocks, commodities and other currencies.
Technically, the S&P500 caught in side way trend since the start of the year 2018 making bu that a bullish flat corrective pattern that showes a big potential to the upside.
If we are not going to see a 4th intrest rate hike this year, S&P500 will hit 3000 points by the end of this year.
This is not an investement advice, it is for educational purpos.
Never expose more that 2% of your capital to the market.
Best Regards
Note
By looking more deeper in the chart, on lower time frame there is reversal pattern that can push the index to the top.If you like this work please hite the like button and if you have any suggestion please comment.
Note
S&P500 is already at 2.8K Enjoy it gays.
Note
Note
USD is back in force.Equity are falling everywhere.
Uncertainty is back over Nuclear treaty between USA and Russia.
No one can expect this kaind of news when they are going to shake the marketplace.
That's why money management is the key of this business.
I hope you are all safe from this reverse and you are riding this bearish wave and making money.
Note
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