Stochastic Flashes Sell, But Has Changed Before

While moving averages at the weekly level only half bullish, the stochastic is now consistently flashing to sell while RSI heads in that direction. While this has been reversed in the past such as 2017, conditions are different. Recently, Trump indicated a trade war detente may not come until June if it comes at all as he threatens to keep tariffs on against the Chinese if they don't clean up their act, summing up his sentiment not my own. Overall, trade wars are for now here to stay and could put on downward pressure on this index as had been the case for mostly of 2018.

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