Today the S&P500 broke through short term resistance despite the news on the China and U.S. tariff trade war.
From the chart below we can see the constant lower highs and today broke through the resistance channel.
I believe it will be a bumpy ride for the coming months but the S&P500 will eventually get back up to the old high set in January 2018.
However I believe that once the market reaches the high it will fail and we will start falling into a market correction. These market corrections last a few years and the total loss from the high is typically 50%.
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