US and China are at a deadlock over trade negotiations on Sunday. US is demanding promises of concrete changes to Chinese law. China responded by saying it would not swallow any "bitter fruit" that harmed its interests.
As of right now, S&P future is down 1.07% and Nasdaq future is down 1.27%. Prospects for a drawn out trade war between the two biggest world economies are making traders very nervous.
It is tough to trade in this environment, especially for short-term traders. To make the right trading decisions, we ourselves rely on our system short-term indicators for the true story, as opposed to the surface emotions.
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