In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we look on as the trade war takes centre stage again between the US and China.
It was agreed during the G20 last month that both sides would get together and make some sort of deal. Now, it seems like the US are losing patience with China and have imposed a 10% tariff on Chinese goods to the value of $300bn, starting 1st September. It will be interesting to see if this will focus minds.
As a result, looking at the S&P 500 from a technical perspective, we have seen a volatile day yesterday with a 100 point swing over the last few hours. Therefore, expect the volatility to continue as we look for opportunities to trade this market below yesterday’s daily low of 2944.
Trade War Takes Centre Stage Again – Full Video Analysis
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