The market is "on edge" about after-markets reveal on tariffs. This chart shows "what's on the mind" of players/traders at this moment... which is what Price TA always does... reveals what's on the mind of players "at the moment". There is no current "news" nor any specific conclusion about anything... yet the market shows a classic "matched low/double bottom" at 5612... which is a BUY INDICATION.... TRADE WHAT YOU SEE! Price TA, KISS Baby... DON'T BE A DOPE... TRADE WHAT YOU SEE!!
Must say (technical Price TA aside), I was quite surprised at this move. I expected the market to noodle around until the tariff announcement after the close. But No... got a big rally instead. Why? I dunno. Maybe... (1) players "anticipated favorable news on the tariff front" and jumped-the-gun on the announcement, or (2) "somebody knows something" the rest of us don't... like what the tariff structure is going to be. However... Price TA discipline has a "buy on the double bottom" for technical reasons without knowing "what's behind it". The magnitude of the follow-thru, for whatever the reason, is a bonus. We may find out after the market closes today. Then again, we may never know. Regardless, the Price TA "buy what you see" indication stands on its own. Price TA... KISS, Baby! FWIW..
LOL liberation from rest of the greedy world that won't open their markets. They are going to find USA huge market closed to their products now. What goes around comes around. “Let's go to bed,”. Says Sleepy-head;. “Let's stay awhile,” says Slow;. “Put on the pot,”. Says Greedy-sot,. “We'll sup before we go.”
Okay, I'm gonna bite the bullet and accept your hindsight analysis at face value. So now what? Where should I take my money and run? Give me a concrete number where the ES will reverse.
Whatever makes you money, man. You gotta make it do what it do, baby yea. Just like Ray Charles If following and tracing lines on a road chart brings you a suitcase of cash ..do it Make it Liberation Day all day everyday. Razzle Dazzle, a star you might be