Black Swan - Beginning stages of Recession - Below 14,000 points

26 de jun. de 2018

14,900 - 15,200 support range. Negative impact will be felt throughout markets. US overly optimistic in winning trade War. Hx shows no one wins. All trade wars have resulted in extended medium to long term loses. Continued pressure after today's close will drop index to first support range of 15,500 (100%), but will ultimately not hold true support until 14,900 - 15,200 (50%). At this point, Writer will have to do further analysis for bear or bull market scenarios. Depending on resistance and global sentiment, a drop below 14,900 would indicate the start of a global recession.