This screencast is speculative - and I invite the full brain power of Tradingview's community to consider the variables which might affect the US Stock Markets around this time. Let's do this together.
The stock market has retreated, probably due to nerves about the Mueller report - among several other things. If the report contains nothing on which Trump is impeachable then, I'm expecting a pump north.
Mueller's hit list so far has been:
1. PAUL MANAFORT
2. RICK GATES
3. MICHAEL COHEN
4. MICHAEL FLYNN
5. GEORGE PAPADOPOULOS
6. ALEX VAN DER ZWAAN
7. RICHARD PINEDO
(Names are in all caps only due to copy and pasting. Names and convictions are all in the public domain, so I'm not defaming anybody.)
Some may think that with so much dirt around it's unlikely that Trump will come out of this clean. Hey, this bull market is about Trump - let's not debate that. If Trump goes down the markets go down like lead balloons. Alternatively, if Trump comes out clean enough, expect bullish moves which may then be limited by other factors.
Separate to Mueller's investigation and report, there are 16 other investigations into Trump. If just one sticks, there could be catastrophic collapse of the American markets - with shock waves globally, hitting Forex as well.
We have other variables to consider:
1. The Fed 'money printing' press going to be turned up.
2. Bleaker than expected economic projections by the Fed and Draghi.
3. Expected weaker US Dollar - creating bullish pressure in the long term.
4. Flattening or inverted yield curves
5. Uncertainty's and delays on deals with China.
6. Potential Brexit shock waves.
7. Germany struggling against recession.
8. 'Housing' market bubbles in several countries including the US, in trouble.
9. US and Global debt totally out of control.
10 etc. .. and much more.
Sorry - I don't know what's gonna happen. I do not give tips on entry positions.