As per my blog post yesterday afternoon ... I concluded "the Trump stock market rally from the past several months is now over" .... the question now is; how low does the market go?.
The amount of political uncertainty around the Trump Presidency appears to be snowballing over the past few days, which appears to be largely triggered by the Comey firing.
The Comey firing appears to be the ammo the anti-Trump Democrats are loading up on to try and dethrone the Donald.
The markets hate uncertainty, and with a Congressman now suggesting he will call for Trump's impeachment, the uncertainty around Trumps presidency appears to be growing ... a correction down to the 200DMA over the next month or 2 wouldn't be unrealistic if the call for impeachment gets traction... however, if the Donald can manage to quickly shake off the growing uncertainty, the correction could be short-lived and shallow.
Nice article! Thank you for this.
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Needs to go down 10%
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I don't believe this is DT related. However, if you look at the Daily and Weekly charts from the DT rally to now, there is a chart formation that I don't hear anyone discussing.
I have a vid coming out today, waiting on editing to finish up. Have a good one.
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