$SPX Potential Death cross inbound soon.
Just some good TA to be aware of, of what is incoming in the horizon.
What a bear will observe is the death cross, the bull probably sees we just tagged the 200 day, and we have the G20 Osaka summit in Japan ...perhaps Mr. Trump can smooth things out with Mr. Xi...
Highly unlikely, and today the South China Post makes a compelling reason why.
https://www.scmp.com/news/china/diplomacy/article/3012555/donald-trump-and-xi-jinping-meeting-firms-g20-japan-next-month
Bloomberg was also making the case that, essentially Trump is no fool, and the economist and finance minds have clearly advised that these tariffs will be very bad on the American consumer, so game theorist are saying that the deal will willfully be dragged on ideally up into the next election.
The game theorist advised that if Mr. Trump were to get a deal right before the election it would give him a big boost as another promise fulfilled and if China does not agree to a deal there will be an even stronger case that America is dependent upon him to see this thing through.
The game theorist said though that the Trump administration is thinking out 2-8 years while the Chinese are thinking out in terms of decades, and could easily wait additional years to negotiate when they have more leverage and potentially a weaker adversary. Not picking sides or making comments, but very interesting thoughts!
#bearish
What a bear will observe is the death cross, the bull probably sees we just tagged the 200 day, and we have the G20 Osaka summit in Japan ...perhaps Mr. Trump can smooth things out with Mr. Xi...
Highly unlikely, and today the South China Post makes a compelling reason why.
https://www.scmp.com/news/china/diplomacy/article/3012555/donald-trump-and-xi-jinping-meeting-firms-g20-japan-next-month
Bloomberg was also making the case that, essentially Trump is no fool, and the economist and finance minds have clearly advised that these tariffs will be very bad on the American consumer, so game theorist are saying that the deal will willfully be dragged on ideally up into the next election.
The game theorist advised that if Mr. Trump were to get a deal right before the election it would give him a big boost as another promise fulfilled and if China does not agree to a deal there will be an even stronger case that America is dependent upon him to see this thing through.
The game theorist said though that the Trump administration is thinking out 2-8 years while the Chinese are thinking out in terms of decades, and could easily wait additional years to negotiate when they have more leverage and potentially a weaker adversary. Not picking sides or making comments, but very interesting thoughts!
#bearish
Trade closed: target reached
