Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Macro Strategy
Technical Analyst, Saxo Bank
FTSE 250 closed below its key support at 18,288. No strong support before at around 17,044. 1.618 projection of the correction here in Q3 is at 16,942.
Weekly RSI showing divergence but has broken below its rising trendline indicating lower levels are likely.