The US Markets are working out as analyzed in the S&P500 and DOW so far. I was expecting a corrective wave to the upside to come ABC. This corrective move could complete today, the target to the upside is in sight. Obviously we dont know the results of the ongoing trade talks between China and the US yet. It seem though as the markets are pricing in a positive outcome anyway already. I would be carefull with that I think once the ABC structure to the upside has completed we could see a good shorting opportunity. Fundamentally the US economic data looks still bearish to me with two PMI readings below 50.
