applying the Elliott Wave theory - JSE charts at: jsecharts.blogspot.co.za/ - click image to enlarge
Saturday, 1 December 2018
S&P 500 - 30th Nov 2018
Another turning point is indicated here. This one appears to target minor wave 2 at the lower boundary of the triangle.
The threat of tariff-inflated prices cannot be ignored by the Fed. If President Trump refuses to find a means whereby China can save face, which is rapidly becoming the single most important issue this coming weekend, the prospects for not only China’s economy, but that of the US and the EU as well, will rapidly deteriorate. But then the Fed is just a bunch of Rep's for the cartel that caused the global financial crisis in the first place. So help us.