Interesting chart – whether it is bull or bear probably depends on your timeframe. This mystery chart is the Global Dow Jones, an index that tracks 95% of global markets.
The price action since the 2009 lows is engaged in a very large rising wedge. In 2007 the bull trend ended when its steeper wedge broke to the downside following new highs on a negative monthly divergence.
As of this writing the 2009 trend is intact. It has not broken, but is at risk of breaking. The previous trend line tag was established during the 2016 lows. At that time this chart showed a large bullish descending wedge that produced new highs with a run toward the upper trend line that was slightly exceeded during the January 2018 highs. https://northmantrader.com/2018/11/2...ief-bear-trap/
"President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10 percent rate, and not raise it to 25 percent at this time," the statement read. Over the next 90 days, American and Chinese officials will continue to negotiate lingering disagreements on technology transfer, intellectual property and agriculture
okay so it comes down to how the intellectual property disputes pan out oer the 90days so uncertainty remains for a while
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Originally Posted by bull....
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