SPY basing or trending

S&P  500 pulled back and one could say arguably not enough into the Trump gap. Bessent pronouncements and China tariff standoff – will it be 50-65% as WSJ alluded to, or no unilateral lowering as the Treasury says? I‘m on the record as saying China won‘t fold – some US exceptions are more likely. DAX, yields and USD are sending a very important message – and one that can be examined from gold and silver perspectives while oil is readying a move of its own.

I‘ve covered these in detail (as a Trading Signals little preview following recent successes in timing gold reversal and oil getting hammered anew – with encouraging silver revival) in today‘s packed video. Best viewed in connection with yesterday‘s piece making sense of the Trump turn and Powell calm – see what it did to yields and the dollar so far.  More on data just in and what they mean for markets ahead, in the premium section, so much more goes to the fine calls being served.