Below you can see that the center of the "V" trough was yesterday. Today or tomorrow should see the right side begin to form upwards.
Two more aspects of this whole China Trade BS are getting ready to unfold:
1) Another (Final - this will be called the last or final promise) promise.
2) Another (Final Promise Broken) promise broken.
Today or tomorrow you should hear Trump tweeting that China has reaffirmed their commitment to finalizing a trade deal. They will tell you "Trump Believes Him" this time. All of the usual garbage.
Then, around the time of the top there will be more of what we have seen that started last weekend, but this time Trump will say he is totally through. He will "wash his hands" of China and any hope to reach a trade deal. He will impose tarriffs on all Chinese Imports. This is what will lead to the full blown trade war. This is what will begin the "Trump Rally Deletion".
Then towards late summer you should start hearing about all of the seriously negative effects to China...and the USA as well. Then, you can just delete the word "Trade" and keep the word "War" because this is what has been the plan all along, to subliminally tell you that a "WAR" with China was coming, by putting the much less scary word "Trade" in front of it.
If you remember the 6 points I have shown you (3 and 3) at the top of the below chart, and how I believe it will end up being 7. I actually now believe it may be 3 and 5 or 8 total points. The right side pinnacle of the "V" could end up being a point by itself, and the final top may be one. It will be 7 or 8 points though.
You may as well buckle up my friends, and begin to warn others because you will probably not go a day without China, USA and the words War being in the headlines and the stock market crash will kill your summer buzz more than likely.
DJIA Close On 5/8/2019 |