U.S. Treasury Secretary, Steven Mnuchin, told Fox News he thinks the United States and China can finalize a trade deal with two more rounds of talks. Mnuchin also said the part of the negotiations aimed at enforcement is close to finished. Another round of talks is planned for next month in Washington.
“We still have more work to do,” Mnuchin said. “I think there is a strong desire from both sides to see if we can wrap this up or move on.” We hope within the next two rounds, in China and in DC, to get to the point where we can either recommend to the president that we have a deal or recommend that we don’t,” he added
The Aroon Indicator for CHN entered a downward trend on July 25, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 248 similar instances where the Aroon Indicator formed such a pattern. In of the 248 cases the stock moved lower. This puts the odds of a downward move at .
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