the above chart is providing a structure within the context of SPX and US-China trade deal.
Gold pulling back following Reuters' news
Following what happened in the last few days based on growing optimism iro US-China trade deal, here is the link to an article published by Reuters today on the subject. (https://www.reuters.com/article/us-usa-c...)
The vertical grey line is when I posted the same chart yesterday morning. If you click & play the following, you will end up looking at the same structure.
To note: lows are in divergence with 3 to b. makes a low higher then b right when Trump tells to journalist that he had not agreed to roll back tariffs.
Technically the short term structure may suggest a pullback into descending but in order for it to happen, optimism must fade away otherwise please note that Friday closed below 3, which, IMHO is very .
IMHO the question is: the RISK-ON mood that was triggered last Thursday is still ON or is already feading?
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