If there had been no news today I would have said the action was a little bearish.
But given the China trade news being bearish, the market held in fairly well.
Fed statement was bullish. Going from 2 rate increases in 2019 to zero (rather than the expected 1).
Market popped but gave up most of the rally. I'd call that bearish action.
On the China trade front, Trump announced that tariffs could go on for "a long time". That hit the market but not much. Is that because there is a firm tone underneath the market? Or, are people beginning to ignore Trump's tweets?
... would like to see another downward test of
2800 SUPPORT ... (*might be a nice place to buy some "sloppy sell stops" there... ??? *)
.... THE s+p 500 WILL HAVE + 100 DAY.... ON A REAL "JERK-JACK" DAY...... UP ....
.... IT IS ALL MINE..... PFFFTTTT..... BACK OFF........
.... IT IS NOT LIKE THE "purveyors of evil"......
....know where I am .....ppppfffffttttttttttttttttttttttttttttttttttttttttttttttttttttttttt............................
... I hate the stock market like the last guy.....
.... it measures to 33-50 .... do you ????
.... somebody will hit the ....
"THE s+p 500 WILL HAVE + 100 DAY"
Not looking that way with the Nikkei -712, the Hang Seng -476 and S&P futures -14.
Look at the intraday crude chart and the intraday S&P chart. If there was no title or prices on the Y axis you wouldn't know which was which.