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Trade Deal w/ China may be over


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#1 Darris

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Posted 22 June 2020 - 08:21 PM

Probably really good news to propel us well over SPX 3400 very quickly.  Futures selling off hard right now tho.



#2 CHAx

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Posted 22 June 2020 - 08:28 PM

Probably really good news to propel us well over SPX 3400 very quickly.  Futures selling off hard right now tho.

 

 

 was a miracle I was watching price action managed to get short above 3100, with a market order no less!  Ive watched enough of these news based crashes to know to chase.... feels so horrible to chase these moves!

 

https://www.reuters....o-idUSKBN23U02Q


Edited by CHAx, 22 June 2020 - 08:32 PM.


#3 CHAx

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Posted 22 June 2020 - 08:39 PM


Central bank policy and trade policy with China, the only macro events the markets care about.



#4 orange

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Posted 22 June 2020 - 08:49 PM

It's not like there ever was a trade deal with China. I don't see anything different, other than someone coming out and saying it directly. Probably gonna get bought up. That's been the case for the last few months.


Edited by orange, 22 June 2020 - 08:54 PM.

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#5 CHAx

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Posted 22 June 2020 - 08:53 PM

It's not like there ever was a trade deal with China. I don't see anything different, other than someone coming out and saying it directly.

 

Could be a big nothing burger, and markets will recover overnight, I will just stop out BE plus a few points.  But could signal policy change as well.  Which could be, shall we say, YUUGGEEE. laugh.png   Sometimes news item are the trigger to break the momentum, but often times not. swoon.gif



#6 bigtrader

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Posted 22 June 2020 - 09:19 PM

now its reversed, criminals, rofl


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#7 CHAx

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Posted 22 June 2020 - 09:22 PM

Haha that was no bueno for me!  Had some slippage on my stop giveup.gif

 

now its reversed, criminals, rofl



#8 CHAx

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Posted 22 June 2020 - 09:32 PM

I really wouldn't be surprised if they rip it above 3130 to sweep stops above, before another try lower.  This is going to be a wierd night.



#9 Darris

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Posted 22 June 2020 - 09:33 PM

I'm with Orange comments and why this should turn into a melt up.  So far so good.  Should near ES 3200 tomorrow.



#10 K Wave

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Posted 22 June 2020 - 09:48 PM

That may have been the Shakeout needed to get the launch underway.

If they can push YM past 26k tonight, Bulls probably have the ball

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