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SPX 3200 - China wins Trade War


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#1 dTraderB

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Posted 04 November 2019 - 07:43 PM

Bears raise white flag as China wins Trade War with "Phase One Deal" that gifts them a no-burger no-tariff agreement that basically takes them back to a much better position than when the Trade War began; Europeans may also get a no-tariff deal and the White House will also declare victory and celebrate a Trade War victory. 

 

So, SPX 3200 next week?  If only trading was so easy!

 

Cramer is suspicious but the initial reaction will be a rally that will be essentially a Bull Trap. 

 

 

https://www.cnbc.com...with-china.html

 

https://www.dw.com/e...ross/a-51098586

 



#2 dTraderB

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Posted 04 November 2019 - 07:46 PM

Forgot to post this link:

 

U.S. may roll back tariffs on $112 billion in Chinese imports: report

https://www.marketwa...4?mod=home-page



#3 da_cheif

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Posted 04 November 2019 - 07:59 PM

Bears raise white flag as China wins Trade War with "Phase One Deal" that gifts them a no-burger no-tariff agreement that basically takes them back to a much better position than when the Trade War began; Europeans may also get a no-tariff deal and the White House will also declare victory and celebrate a Trade War victory. 

 

So, SPX 3200 next week?  If only trading was so easy!

 

Cramer is suspicious but the initial reaction will be a rally that will be essentially a Bull Trap. 

 

 

https://www.cnbc.com...with-china.html

 

https://www.dw.com/e...ross/a-51098586

 

"If only trading was so easy!"    position trading is easiest thing on the planet      ....watch the sky



#4 dTraderB

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Posted 04 November 2019 - 08:12 PM

SPX 3300?

 

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BOJ's Kuroda: BOJ can cut rates, ramp up asset buying and accelerate monetary expansion if needed



#5 dTraderB

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Posted 05 November 2019 - 06:03 AM

Patience, there is no bell ringing at the top. 

VIX down below 11 can happen today or tomorrow

 

  1. Gaps are NOT Maps - they are how many times the words China Deal has been spoken LOL. Crying wolf gets a bullish response until it is ignored.. Then the market will be eaten up. This is fun until it's not.

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    NASDAQ and Breadth - has me confused here - not sure why breadth is showing such a divergence - of course this is an Apple only move in the markets :) Bounce yesterday. Apple needs another upgrade - like to the moon... :)

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    S&P 500 - uh going to the moon :) ….. Again??? Weird Wollie Wednesday - or more China Deal talk...

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    NASDAQ - high low indicator - down yesterday - not what Bulls want to see at the highs. So China Deal is close, for like the 100th time, eh?? Never cry wolf, comes to mind. Sell the signing comes to mind too ;) ???

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#6 dTraderB

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Posted 05 November 2019 - 06:05 AM

Walter Deemer @WalterDeemer
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This is a bit disturbing...

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5:32 PM - 4 Nov 2019
 
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      If you ignore $CPC and just consider the $CPCE and $VIX term structure (1m/3m ratio), $SPX may be due for a pause, but any pullback is probably not catastrophic. Downside risk a test of breakout at about 3030.

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#7 da_cheif

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Posted 05 November 2019 - 04:46 PM

"they dont ring a bell at the top"     ....well they did just that the day of high in oct 18....remember the government rang all the cell fones for a test