He's banking on Trump walking out. I don't think we'll see the 25% tariffs. That'll send us to 2600 (maybe less) in a blink and they know that. Trump will kick the can down the road, say some nice things about his Chinese buddies, and we'll grind higher till the next disaster. Come Monday China will be all but forgotten, and in the never ending quest for some impending market doom... all eye's will shift to Iran and that'll be the narrative for awhile. Can't live without fear.
I don't pay any attention to news like tariffs etc. I simply view the charts as I see them and I have been saying bear market for quite a while. --I continue in that vein.
even though i am trying to transition into longer term plays, but every now and then the scalpers instinct kicks in., it is just something i would be wary about, but does not affect longer term players. just something i would keep in mind, if i was in a trade. [/QUOTE]