Tariffs, tariffs, tariffs this is the word that will and has consistently beaten down the sector. So, now you ask yourself, "how far down can the sector go?" Well as the chart shows a critical juncture is coming. A bottom trend line that has been established for years now will come into play soon and if this S&P Index falls below it...well...this downturn could just be a taste of what is to come.
WHAT TO LOOK FOR?
- Index needs to remain above $600
- MOST IMPORTANT needs to stay above ascending trend line
WHAT TO LOOK FOR?
- Index needs to remain above $600
- MOST IMPORTANT needs to stay above ascending trend line