The mood music from the G20 has just made a dramatic change.
Trump's tweets of the last weeks and months has been full of confrontation but all that switched 180 degrees this weekend.
It's mainly been how he will add more tariffs on Chinese inports into the USA and the stock market got a severe case of the jitters, despite Fed chair Powell moving to a dovish stance on interest rates.
The news this weekend has changed all that. Trump folds on Huawei and has agreed to re-start talks.
The market will love these headlines and, as the chart shows, started it's next bull wave on Friday. Wave traders have been ready, watching the wave count followed by an a-b-c. This market is not collapsing.
Monday is 1st July, it's going to be quite a week and month!
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