It very due for snap back to ES 4800ish then make lower high to complete H&S on monthlies. In a perfect world as my positions are short indexes...
march 4th, we shall see. cheetos is asking mexico to place tariffs from china imports, so it is equivalent of placing tariffs on mexico directly because mexico doesn’t make anything on their own other than agriculture products.
"Mexico primarily manufactures automotive parts, electronics, medical devices, aerospace components, apparel and textiles, furniture, appliances, and food and beverages like tequila and beer, with a strong focus on the automotive industry due to its proximity to the US market and cost-effective production facilities."
Lots of people are in the market trading that's for sure. One economic number bad, the market drops 1% and everybody panics. Tomorrow, the Fed announces it's going to drop the rate, the market goes up and everybody buys.