SW WI | Conan the Farmer - 6/27/2018 15:34
I had a target band of $11.60 high to $8.28 low four months ago. We would have gotten to the high number and filled a continuous chart gap as well as expended the measurement... Then trade talk came along and here we sit. This fear monger over lower, it predominately already occurred. We're $3 or 25-30% lower than where I believe we would be otherwise, at least technically.
I know we all have difficulty separating these markets from the politics of trade and tariffs....but I agree completely that the fear in the market (justified or not) took off any more of the upside. Take the tariff talk out of the equation and given the same weather scenario....yes I do believe the markets sells off....but not as quick as it did.
How many times have we seen it, the market doesn’t like uncertainty in government issues....usually sells off. |
Chart Guys wow do we sit going into this report
