Several chart strategists are pointing out that while the market has dropped sharply over the the past few days, it still has a long way to go before a sustainable bottom can be reached.
The sharp drop pushed the broad market index through key technical support levels and dented a massive year-to-date rally in stocks. Several chart analysts are pointing out that while the market has dropped sharply over the the past few days, it still has a long way to go before a sustainable bottom can be reached. Even with a slight rebound on Tuesday.
"This is a corrective phase in an upward trend that's not yet over," John Roque, technical analyst at Wolfe Research, told CNBC's "The recent wave of selling came after President Donald Trump tweeted on Thursday that the U.S. will impose a 10% tariff on $300 billion worth of Chinese goods starting Sept. 1 as trade talks between the two countries struggle to progress.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Chart analysis = bullshit
let'em fall......leave it to the weak hands....now's the time to have some dry powder on the side to pick up the pieces at great prices. stronghands
Gee, thanks a lot!🤔🙄😱😱😱😱😭😭
Buy Litecoin safe your future.
technicals
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks plunge as US-China trade war escalates—Cramer and other experts on what's nextU.S. stocks had their worst performance of 2019 on Monday as trade fears roiled the major averages, and experts are split on what's next. TradingNation new page Where is the patriotic movement to stop buying “made in China”.. stop buying clothes and shoes made in China like and retweet TradingNation I guess even Cramer and those “other experts” do not know 🤷🏻♂️ realDonaldTrump Gonna take the credit for the stock market drop?
Source: CNBC - 🏆 12. / 72 Read more »
It's not just the trade war – these global fears could put stocks through the wringerThe U.S.-China trade war is spooking Wall Street, but Phil Orlando of Federated Investors says that's not the only hurdle ahead. I’m just asking for one more week of wringer please What Global Fears? The EU still has its head in the sand. If they loosen Monetary Policy, the bogyman will stay the closet. Peace at any price, pays no dividend. Buy TVIX as a hedge on the down.....
Source: CNBC - 🏆 12. / 72 Read more »
Stocks slide amid US-China trade war escalationWe're watching markets slide amid escalations in the the US-China trade war. The S&P 500 is having its worst day of the year and the Dow and Nasdaq are both down more than 3%. Watch live on Facebook: You watch, The Donald will tweet out that the US and China are nearing a deal so he will postpone the new tariffs he has threatened to impose on China. He may even lower some of those already in effect. That’s is first impact. The markets will stabilize once th companies announce they’re coming back home with lots of jobs for Americans
Source: CNN - 🏆 4. / 95 Read more »
U.S. stocks drop most since DecemberU.S. stocks fell the most since December on Monday after China allowed its curre... btc US stocks est une gigantesque arnaque qui se joue entre Trader Banque Bulle Tout est prémédité truqué !! Hate to say I told you so, but... RT reuters: U.S. stocks drop most since December
Source: Reuters - 🏆 2. / 97 Read more »
Stocks Close Sharply Lower as Yuan Reels and Trump Jabs at ChinaStocks were pummeled by selling, pushing indexes from New York to Shanghai lower, as the yuan slid and fresh trade threats between Beijing and Washington raised fears of an economic slowdown. Wow a whole 7 months ago. Fear mongering again. Can almost taste the sweet victory with winning the trade war. Can't you? Since...last December. Gee, all the way back then huh?
Source: WSJ - 🏆 98. / 63 Read more »
Stocks plunge on Wall Street as US-China trade war escalatesNEW YORK (AP) — Stocks are plunging on Wall Street Monday on worries about how much President Donald Trump's escalating trade war with China will damage the economy. Major U.S. indexes are headed... Thanks Obama! Trade wars are good and easy to win Trump better watch his moves. The economy is the one thing that may save him next year. If that goes in the tank, he’s toast.
Source: AP - 🏆 728. / 51 Read more »