Buckle Up, things are about to get Nasty

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  • August 05, 2019 – – –Buckle Up, It’s About to Get Nasty

Stocks are a bloodbath this morning as trade war worsens between China and the U.S.

Last week, President Trump threatened to hit China with another 10% in tariffs on $300 billion worth of goods. Over the weekend China retaliated by

The S&P 500 is falling hard on the news. We’ve had a confirmed breakdown from the bearish rising wedge formation (red lines). We’ve also taken out support (blue lines).

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It will only get worse from here. China has already shown us where stocks are heading due to trade war tensions.

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Gains, pains and Capital

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