US500 The S&P 500 broke below critical support after Trump announce massive tariffs on everyone, worst than expected. Volume is increasing to the downside, and it looks like the next wave down has already started.
Wave C is supposed to be equal or larger than wave A, and reach the next critical support, which will lead us to 5,100 points in the next couple of weeks.
I heard that net tariffs on China are 54%, does than means that iPhones are going to rise in price 54%?
Maybe it will be reconsidered later, and the market will bounce in the future, but not likely in the short term.
Good luck to you
Trade closed: target reached
It reached my target of 5,100 points on the S&P 500, trade closed. But it seems like it might continue to go lower.
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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.