Trade war no, trade tiff yes. To be clear, a trade war will eventually lead us into a bear market and swings will likely be small with lots of put option plays. We're not there yet though; fundamentals are still clearly strong on our economy, and it's likely we head to S&P 3k+ this year. Where we go after that? who knows, let's wait to see the political/global climate at that time.
here we've got the s&p messing around the 50ma. the flag from the previous post sorta broke down, but the overall picture is we're in a simple pullback from the wave 4 end to the nearest top. This is a good retrace. even the 2692 area is "fine". 2670 near the 200ma would be "acceptable" and if we go there, get ready to BTFD on strong names.