The best approach is to forget this thread exists, forget Trump exists, ignore the media, pay attention to the S&P monthly bar chart, and rock on.
What does the S&P monthly bar chart tell you for tomorrow's trade direction? Where shall we enter, in what direction, and for how many points as a target?
More back and forth nonsense as usual. And in 19 hours they will say china is backing off on any trade deals that lie ahead. This has gotten so over done it's not even funny I bet they didn't even say this...this is just media hype to get the markets back in the green for the week. Dow futures jump 200 points on a report China is open to a partial US trade deal https://www.cnbc.com/2019/10/09/chi...cuss-partial-deal-despite-tech-blacklist.html
More highs coming. Just keep buying. New highs are in store for the S&P 500 this year according to this chart, says top strategist PUBLISHED AN HOUR AGO https://www.cnbc.com/2019/10/09/new...sp-500-this-year-according-to-this-chart.html
If you are trying to trade on a minute time scale it tells you nothing of course. (Good luck with that!) It isn't very helpful, though not worthless, with regard to tomorrow either. But it told you that the broad market in equities just made a triple top outside of it's channel and it was time for the market to recede a bit. That little bit of knowledge is invaluable. If you combine what the Monthly bars together with the trend lines drawn upon them are telling you with what the macro economic outlook is telling you -- including composite corporate earnings, you will do very well, at least as long as their is not a sociopathic gangster in the White House.. And by the way, you're welcome.
More political lies Former Trump campaign advisor Stephen Moore: ‘We knew we weren’t going to get 5% growth’ PUBLISHED 2 HOURS AGOUPDATED 8 MIN AGO Jeff Cox@JEFFCOXCNBCCOM@JEFF.COX.7528 KEY POINTS President Donald Trump knew his policies wouldn’t generate the 5% growth he had promised while campaigning, according to Stephen Moore, former campaign advisor to Trump. “I think Trump is an exaggerator, and I think it gets him in trouble,” said Moore. In March, Trump said he would nominate Moore to an open Federal Reserve governorship but Moore pulled his name from consideration two months later. https://www.cnbc.com/2019/10/09/stephen-moore-we-knew-we-werent-going-to-get-5percent-growth.html
And here we are again Going absolutely fu$king no where!!!!! Stocks cut gains into the close on report China has lowered expectations for trade talks PUBLISHED WED, OCT 9 20192:27 AM EDTUPDATED MOMENTS AGO https://www.cnbc.com/2019/10/09/stock-market-wall-street-looks-ahead-to-us-china-trade-talks.html
I took a look at the longer-term charts, and the markets have gone nowhere since 14 months ago thereabouts. Starting to feel the TDS that people have accused me of yet?