US30: A Bearish Outlook
On Friday, the US30 index moved down following President Trump's announcement to Republicans that he planned to issue reciprocal tariffs as soon as Friday. After the news, US30 experienced an aggressive decline. Today, the market is in correction mode, and given that President Trump mentioned to reporters on Sunday that more tariffs are coming, the odds are that US30 could move down again.
He stated that he will announce 25% tariffs on all imports of steel and aluminum on Monday or Tuesday. This could push US30 down further, as indicated in the chart.
However, remember that this move is very risky and is closely related to President Trump's speculation.
You may find more details in the chart!
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