The US-Sino Trade Deal saga seemed to be lingering at the background without much progress. Something was about to happen and today earlier on, there was 1 comment from Navarro that the deal was over which caused the Dow Jones to crashed -400 points in like 30 minutes. See his comment on the below link:
https://www.cnbc.com/2020/06/22/stock-market-futures-open-to-close-news.html
Within a few minutes, Navarro made another comment that the deal was NOT over. It was such a childish play and some form of flushing going on. The Dow Jones then recovered immediately with speed and velocity. Click below link to read his comments.
https://www.cnbc.com/2020/06/22/stock-market-futures-open-to-close-news.html
With such news in play, it's no wonder the Dow Jones reacted so strongly. From the chart wise, I think it was obvious to see signals of a flush and then recovery. The market loves this type of news so that stocks can be cheap and be bought again. I am cautious of any development in this news together with the coronavirus. Market as usual has a lot of opportunities so search for it and look for great signals like this.
Ronald K - Market Psychologist - A Stock Market Opportunist
