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:
Short term: 5595
Med term: 5775
Long term: 5479
If it closes here, we could start seeing cascade of chasing higher.
How long until China denies... again?
