SPY bullish trend has ended on Daily view.
On Weekly view, we are about to turn bearish indicating continuation of bearish trend.
We are following previous fractal well, but this is not exact.
We have several upcoming events:
-Fed rate meeting - 12/11 - expected no change but rate increase is rising on chart cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
-Britain Elections - 12/12 - committee elected for Brexit. May have effect, may not.
-Tariffs - 12/15 - Go into effect or get strung out again.
I believe Trump will have no choice but to invoke tariffs on 12/15 if no China deal is reached.
China is holding off with elections, impeachment fiasco, and stalling.
Trump will need to save face as China tests his reserve if no deal is reached.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
On Weekly view, we are about to turn bearish indicating continuation of bearish trend.
We are following previous fractal well, but this is not exact.
We have several upcoming events:
-Fed rate meeting - 12/11 - expected no change but rate increase is rising on chart cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
-Britain Elections - 12/12 - committee elected for Brexit. May have effect, may not.
-Tariffs - 12/15 - Go into effect or get strung out again.
I believe Trump will have no choice but to invoke tariffs on 12/15 if no China deal is reached.
China is holding off with elections, impeachment fiasco, and stalling.
Trump will need to save face as China tests his reserve if no deal is reached.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
Disclaimer
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.
Disclaimer
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.