PPT/mouthflapping/short-covering day still can't break key resistance levels

in trade •  5 years ago  (edited)

https://www.zerohedge.com/news/2019-08-13/stocks-yuan-spike-trump-blinks-yield-curve-collapses-12-year-low

What we learned today: machines still can't fucking read, and bid up equities when the "delay tariffs" news hit

China winning in the trade war as some tariffs postponed sends machines on buying. America apparently realized that the Chinese can devalue as much as they want and make those tariffs useless anyway and that it was going to implode US markets.

But we note that, stocks were unable to break key resistance levels (Dow futs stalled at the Fib 61.8% retracement level of the July/Aug plunge)

And all the majors stalled at or below key technical levels...

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