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Last week, I showed you a chart that revealed a key support and resistance zone at the top of the "tariff trouble penalty box" we were trapped in.
I said that, thanks to a just-right "Goldilocks" employment report, we were poised to break out of the box to the upside.
And indeed, that's exactly what happened…
… until we were walloped by more tariffs.
But, like many of the tariff announcement reactions of the past couple of months, the markets only did a brief one-day drop – more of a "wiggle" – down.
Of course, I have some charts to show you, including one that I think shows us getting back to some higher ground in the near term…
About the Author
Nationally recognized technical trader. Background in engineering, system designs, and risk reduction. 26 years in the markets.