Today’s market rally is after an ugly Monday selloff. However, we expect any rebound to be an opportunity for setting up a short position for ourselves, with a lower risk, as opposite to entering now. Therefore, we are in preparation for the next wave of selling,
We reckon that Monday’s tariff-inspired sell off, after Trump’s last Thursday announcement of 10% tariffs on China imports, will be nothing compared with what could be in works later this month.
ETF Trade Advisor subscribers should make sure to keep an eye for our next trade signal of SPY and SH and XIU-TC!