In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we analyse the ultimatum for US and China trade talks.
Global trade has been going on between the US and China for months with the potential for a positive decision to be made shortly. However, there seems to be frustration building with Trump tweeting that trade tariffs will be imposed on Chinese goods if a deal is not forthcoming. This is a threat which China does not seem to be accepting while promising its own retaliatory measures. At this point, everything can get quite messy.
As a result, we are focusing on the S&P 500 to see how this event plays itself out. If a deal is reached, we can expect the S&P 500 to become quite bullish. If no deal is reached we can expect this market to sell off considerably. Either way, it can give us some high probability trading opportunities to focus on despite the potential volatility.
Ultimatum for US and China Trade Talks – Full Video Analysis
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