Our previous post, about the stock market, we mentioned that the tweet Donald Trump made regarding imposing more tariffs on Chinese goods sent pre-market trading spiraling lower about 65 points. We also stated that we needed to see how the market traded throughout the day.
And of a positive note is the market recovered from that massive move lower to close about 19 points from the highs. I'm not saying that the S&P has fully recovered but the market at least was willing to absorb the panic selling from Trump's tweet. We are entering a period of increase volatility and in the mean time we can utilize this opportunity to see the upcoming footsteps of the market participants and anticipate the next move in the S&P 500.