S&P500 below 100dma- WAIT for 200dma to BUY

Episode 294:  Today in retaliation to new tariffs, the Chinese have devalued their currency.  This is very similar to what we saw in August of 2015.

Global markets have tumbled and the S&P500 has broken below its 100dma.  For now I’m holding and don’t plan to buy this dip unless the S&P500 gets to or below its 200dma.