''The Biden administration is wrapping up a mandatory review of tariffs on Chinese imports that were first imposed by former President Donald Trump, who argued that China needed to be penalized due to unfair trade practices.''
Good move that could help reverse the situation.
No 'FOMO' though, we stick to our chart regardless of the situation:
Support at 10530, allows us to be 'Buyers'.
Under that level= more chaos
For now: Optimism may return.
Key points to watch out for:
- Earning Reports coming up - Employment data
If these 2 are good we could be up for a major recovery here. Economic data will dictate what happens next. If economy is healthy Rate Hikes might be priced in already (Feds said 3,5% will be, which really is not much)
One Love,
the FXPROFESSOR
ps. good move there Brandon! ps2: Nasdaq up = Btc upper