SPX weekly first red candle since election
The SPX weekly has formed the first red weekly candle since Trump won the election. The uptrend is still strong bullish. At this stage this is a consolidation. The Trumpcare bill has failed to pass through congress which has cast a shadow over Trumps proposed tax cuts. The proposed tax cuts and infrastructure spending is what the real test will be. We have to take it as it comes.
Disclaimer
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.