US equities extended their gains after President Trump told reporters that US was having daily ongoing talks with China.
“Well, they had a meeting this morning… we may reveal it later, but they had meetings this morning, and we’ve been meeting with China.”
Trump added, when asked for more details:
“…it doesn’t really matter who ‘they’ are.”
REPORTER: Can you clarify with whom the U.S. is speaking with China? They’re saying it’s fake news that trade talks are happening.@POTUS: “Well, they had a meeting this morning… we may reveal it later, but they had meetings this morning, and we’ve been meeting with China.” pic.twitter.com/99HGQIsCHf
— Rapid Response 47 (@RapidResponse47) April 24, 2025
This lifted Nasdaq to a 2.5% gain on the day…
The S&P is at a key technical resistance level once again…
…and has rallied above the first CTA buy trigger:
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Short term: 5595
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Med term: 5775
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Long term: 5479
If it closes here, we could start seeing cascade of chasing higher.
How long until China denies… again?
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