US markets have a little more downsideI had posted a similar chart a few weeks ago.....US companies fundamentals may be good, but price follows technicals. There is still some more downside, which I think would be where JPow said Inflation is no longer transitory, then we see some consolidation, then another fall to shake out the bulls, by which time we would reach the bottom of the monthly channel and then uptrend can resume after a bit of consolidation. Remember the Trump tariffs are just catalyst, a reason for market to get where it wants to be sooner. Do remember that market rallied when inflation hit a peak of 9%.....All this news is just noise....You know where the level of interests are and trade accordingly....Markets will not go up in a straight line neither will it go down in a straight line.....The Fear & Greed Index is at 4 as per CNN. This is only for investors, start buying small positions in your favorite stock....only a little, bit by bit, with every fall, or you can wait....Don't put all your savings in the market because it fell substantially...Selling begets selling, the opposite is also true.....Market can head to 14000 as well, I'm not ruling that out, but i'm expecting a really nice bounce from the JPow, however, be very aware of the overhead resistance.....Bears have not had a chance for a long time, and they will squeeze every ounce of blood from the bulls while they can....Just remember, Bulls are complacent, Bears are tactical.....Throughout history that has been the case....
