I mentioned a month ago this is a short for me, well dynamics changed in a very quick way, yes went went to a recession before tarrifs were done. But with the tarrfis the dynamics changed quickly. If tarrifs are resolved a huge uptrend is possible, if not resolved then it is not clear what the market will do so what`s the answer where we are going? At the moment NOWHERE. No hedgefunds are shorting at the moment due to high risk of liquidation if Trump posts something new, but also nobody wants to buy at this moment a lot because if he continues after the 90 days (except china) the gloabal tarrifs market drop is possible. But important to say there is much less risk on the downside than on the upside at this moment. Biggest risk was that europe punishes the American IT industry which would hit MSFT and AAPL the hardest, but this risk is now very low. So at this moment. Nobody wants to buy and nobody wants to sell until time comes and if nothing important happens I do think only then we will see what will happen. Slightly more bullish than bearish atm but only minimal. No data, no trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.