SPDR S&P 500 (SPY)

[gdl]

OH BANY! Waited this sucker out after the failed bearish scenario.

We are very close to old highs. The candlestick technical are screaming buy buy buy. The market seems to agree with this assessment with strong A/D line.

This is where however external events will shock the system very badly. The markets fatal flaw is its refusal to accept anything external events will never stop this economy. In fact we are already looking at a recession based on fundamentals. but that isn't the problem.

Forget CHINA. The determination to start wars by trump is clear. he pushed Iran and Turkey recently. The BIG NEWS is that TRUMP will retaliate HARD and FAST over the EU decision TODAY to sanction any company PULLING OUT of Iran due to USA sanctions.

I expect a response IMMEDIATELY by TRUMP to implement Auto tariffs and quickly put the full force of total tariffs on all EU goods. Anyone not understanding what trump is all about will quickly find out.

Get ready to SHORT!