BLOOMBERG Whatd You Miss July 14, 2024
China trade relations and the possibility that the u. S. Might stem flows into china, its doing technical damage. We have been looking at this chart this week. Here islly stands out the s p 500 being stuck in a range for a year. The fact that new highs are not being put in. Today, on the weakness, we have a lower low over the last two weeks confirming the s p 500 could drop below 2900 even below 2800. That is supported by the rsi that is clearly rounded down. That is supported by lower highs telling you bullish momentum is waning away. Guests saying they see defensive positioning for the month...