I made a BUNDLE taking my own advice. You don't have big mistakes by the markets often. They refused to accept Trump was serious about trade wars. In truth they did have the first big drop in late January SPECIFICALLY day of DAVOS transcript showing trumps intent to tariffs. Transcript seen on January 27th. Coincidence? nah. The carnage is not over.
Ignore the political setting over trade wars at your own risk.
Oh yeah a homerun bet when the odds were 50/50 is the best you will ever get.
We are NOT at any bottom target yet. The 2 I see are 2540 and 2450 areas.
We are due for a big sharp one or two day bounce BUT as of now i would bet Monday stalls and drifts lower till we hit the first of the two support levels (2540) some 45 SPX points lower.
The restraint by China is amazing considering the president has no political worries, there for life. he always looks to the long run gain. I suspect if this weekend brings no resolution China can do three things to shake up the market again. One, sell a few hundred billion of US debt on open market. Two, cancel Boeing orders and agricultural purchase. Three, impose same amount of tariffs on us.
The Tweets by trump and response by China so far has been extremely muted. if the talks over weekend are not resolved China will not hesitate to respond BOLDLY. This president knows any other response will just embolden trump further. you don't placate bullies, you put them in their place. Calm before storm? Eye of the storm?
I gave you my TECHNICAL targets BUT any serious advancement in trade war throws that out the window.
Man i loved the way psychology helped me make money. The market was fooled into complacency thinking trump was one big bluff. I absolutely knew he was all business simply because TODAY he is completely unhinged and will lash out as if he is the supreme dictator. Fired all sane people and replaced them with lunatics. Hot heads like him. I even stayed with my Friday expiration bet knowing the attempt to hold support would fail. Let those suckers settle at expiration.
I made a wild hysterical statement the day trump took office. I gave it a 40% chance of nuclear conflict. With Mueller affect and his helplessness to make it go away he is the most dangerous of any time in the past. A cornered paranoid man does not get more rational. Imploding right now! Test will be his restraint on boasting over China or reacting by pouncing on any response China has.
Watch those TWEETS over any betting method you have. it is THAT important.
*** Have only ONE message per day permitted due to my OUTRAGOUS political stance. A president after one year of insane actions and destructive behavior still allows me the honor of posting here. WOW! thanks! I suppose when the nukes are flying there will be no need to post at all. Today odds of a nuclear conflict went up to over 60%. Check out trumps staff. A paranoid man in charge of WH and being investigated for treasonous behavior is not someone you take lightly. But I expressed my concern last year with laughter, Still see this as funny?
