The market is absolutely hamstrung until this goddamned China trade thing is behind us. The next couple of weeks are going to be a nauseating buffet of bromides. For the short-term, I’d suggest keeping an eye on the Dow 30, to see if it fails to beat the bar highlighted below:
And, even more importantly, the Dow Transports, with its own “limit” bar:
As I said on my show yesterday, the best outcome for the bears would be a grand announcement about a finalized trade pact. I suspect, regrettably, that it’ll just be another can-kicking exercise, little different than what we’ve been living with for years now.