Only the FED can prevent another great August Short, #2 so far this month, and this one could be even bigger than the first.
This will be invalidated if the FED comes in early to the rate table with a cut and/or starts QE (not wimpish QE but the real thing)
or if there is "good news" on the Chins Trade talks.
If there is none of the above then get ready for another profitable SHORT trade at these levels or higher.
More trash talk as the trading world awaits the YUAN FIX less than an hour from now:
Washington's repeated bullying has made it meaningless to continue trade talks in short run. China is mobilizing internally to fight firmly with the US, and all official media is participating in the mobilization. China and the US are caught in a stalemate worse than last round.