Global Economic Slowdown might just set SPY to WXY Correction
Let's wrap up some recent market news
- 31st day of US Government Shutdown
- Nowhere ended Trade Talks between China and the US
- Rising of Brexit no deal withdrawal
- Chinese Economic Slowdown with huge debt
- Further economic weakening in Italy and some concerns over Germany Exports
All these systematic factors can really set the stock market to a nastier correction following of the WXY pattern. If this is the case, we might see further weaker economic data realised by these nations. I'm particularly interested Chinese Debt Level and its stimulating policies and Trade Talks with President Trump.
How the Communist Party tackles its debt level and at the same time, maintains the effectiveness of stimulating policy is pretty interesting to watch over in 2019. If China can't maintain this and let the momentum build up, this could be a final trigger for a global recession by the year end.
This event might set the S&P back at 0.618 level or range between 220 - 212 in its last corrective leg.
- 31st day of US Government Shutdown
- Nowhere ended Trade Talks between China and the US
- Rising of Brexit no deal withdrawal
- Chinese Economic Slowdown with huge debt
- Further economic weakening in Italy and some concerns over Germany Exports
All these systematic factors can really set the stock market to a nastier correction following of the WXY pattern. If this is the case, we might see further weaker economic data realised by these nations. I'm particularly interested Chinese Debt Level and its stimulating policies and Trade Talks with President Trump.
How the Communist Party tackles its debt level and at the same time, maintains the effectiveness of stimulating policy is pretty interesting to watch over in 2019. If China can't maintain this and let the momentum build up, this could be a final trigger for a global recession by the year end.
This event might set the S&P back at 0.618 level or range between 220 - 212 in its last corrective leg.