MakisSwingTrader

Friday, March 14, 2025

SPX

While the charts look very bullish, it is difficult for me to tell if things will materalize given that the market has been moving not based on its own weight (technicals) but based on news (tariffs/trade wars). I make trading decisions based on technicals not based on news. But what is one to do if you do your homework only for it to be negated with the constant changing news stream and mixed messages?
At some point, the market will stop reacting to tariff news because it would have been priced in. But at the moment, the market is very sensitive to tariff news because traders/investors are very emotional. That is why everyday the market opens with a big gap. It is what it is though.
Based on my experience, every president (Democrats and Republicans) stays out of the way of the market and the decisions of the Federal Reserve (interest rates). But that isn't the case with Trump. He constantly toils with the market and the Federal Reserve decisions.

SPX-DAILY II