Today while scrolling through social media, I noticed U.S president Donald Trump giving updated on the trade tension between China and the U.S. So far the news is good, which could translate as good for the U.S market, and more specifically the indexes.
If the past year or two is any indication, we should definitely be watching the market indexes after any positive or negative news on trade tensions. The fact that nothing will escalate between the U.S and China is good news for the market but also that the negotiations are still ongoing is great news.
The Futures Market will reopen on Sunday at 6PM eastern standard time and it will be interesting to see how the S&P and DOW will respond to this update. We will be watching for new high territory on the S&P and will trade accordingly.