Swing Trading Weekly Review – July 8th.: The S&P 500 rose 1.6% last week. The Nasdaq rose 2.5%, a 13% increase in 2018, and potentially targeting a new historic high, despite the official opening of the trade war with China.
The US market is trending higher and the Chinese Shanghai index has fallen sharply since the beginning of the year and now trading in bearish territory. Despite the negative impact of the trade war, US employment and economic data are strong and money continues to flow into the stock market.
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