Also, US is moving to make a law that China will be very angry about:
"The Hong Kong Human Rights and Democracy Act, which will now move to the Senate before it can become law, has drawn rare bipartisan support in a polarized Congress"
which reinforces that notion that the trade war is no were close to be resolved.
the Fed is also just talking about "skipping" the next interest rate cut.
We did have a up trend due to the percieved Trade deal,
There is no deal at all, just talk of it. but next time around people will not be believing trump so readily.
so there is a potential for the upside but there is more or equal potential for down side too.
which makes it more tricky