Trying to stall the fall?

US trade representative, the architect of the USMCA agreement, is on the wires saying US is preparing to negotiate four possible free trade agreements.

Is the White House trying to stall the fall? It is not working.

Nevertheless, if there can be an agreement with China somehow, someway, that should be bullish for stocks, but it is a distance away. That does not mean, that headlines can't be used to keep things in check here and there.

Meanwhile the Nasdaq is not paying attention. The index is moving away from the 200 day MA at 7499 (trade at 7475). The trend line comes in at that level from the daily chart. Liquidation continues.

The S&P is below the 100 day MA at 2822. The 200 day MA is at 2765.58. The low reached 2796.58 so far.