But Trump also raises tariffs on goods from China to at least 125% "effective immediately".

Stocks have almost returned to where they were 5 days ago after his latest change to the tariffs.

      • foggy@lemmy.world
        2·
        5 days ago

        Everything about the indicators scream overbought:

        RSI is high

        Price is stretched above VWAP

        Riding the upper Bollinger Band

        Only thing still bullish is EMA12 > EMA26, and that’s lagging. Once that crosses, the dump is on.

        And let’s not forget: the Buffett Indicator was already at 1.7 before today’s jump. Normal is 0.8–1.3. We’re deep into ‘correction incoming’ territory.

        So yeah, this bounce? Classic sugar high. The real pain hasn’t even started.

        • just_another_person@lemmy.world
          13·
          5 days ago

          Random person to random person: stop buying into all the “indicators”. It’s bullshit.

          You know what he’s going to do. That’s your best direction. There is no “sailboat upward hook” or “flailing fish” dumbshit charting on this. It’s unprecedented. No charts will help. In fact, stop looking at the charts and play the news. That will actually make you money.