Falling Knife Market

The SP500 has continued a heavy downtrend with falling tops and falling bottoms. Todays range was from 571 to 542, a 5% spread in less than 4 hours. Trump was serious about tariffs and they are now official and in effect for most countries at an average of 33% . The economy has already been weakening foundationally since covid and the shipping crisis and now tariffs only weigh down further on the small businesses and common people who keep the country going. Not only that but the fed is finally releasing the true data that unemployment is rising, partly in due to Trump and we must not forget as well that the trillions into tech isn't producing much revenue quite yet either. The stock market has been grossly overvalued for some time now reaching a double top on the longest term historical log scale trend ceiling for the sp500 since the 1920s. This is all a recipe for disaster and recession. We still haven't reached the next historical support line at 500 which is the 5 year support. I am fully expecting a decline down to 500 if not further. Be on guard, do not trade on prediction, and wait to trade on predictable trends by reacting to good information and strong analysis. You are not a fortune teller and i advise you if you wish to avoid the negative effects of "everyone is a genius in a bull market" that you should avoid the market for now until a pattern becomes clear. I advice staying clear of stocks until we see a new upward trend hitting 580 to break the previous local top of 575. If this doesn't happen, we have no bullish case.