Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
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
D.R. Barton, Jr., Technical Trading Specialist for Money Map Press, is a world-renowned authority on technical trading with 25 years of experience. He spent the first part of his career as a chemical engineer with DuPont. During this time, he researched and developed the trading secrets that led to his first successful research service. Thanks to the wealth he was able to create for himself and his followers, D.R. retired early to pursue his passion for investing and showing fellow investors how to build toward financial freedom.
Leave a Reply