TRADERSAI - A.I. Powered Model Trades for Today, FRI 06/28

This Weekend's G-20 Summit the Destination or a Soujorn for the Long, Winding Trade War?

We all have seen this movie before - we are told, "we are just about to announce the trade agreement" only to realize that there was really nothing of substance to see - for months! Will this weekend's G-20 summit hopes be any different? Investors seem to be "cautiously optimistic", based on the price action in the overnight futures markets.  

Hopeful or not, it is unlikely that any serious investors would be taking any big positions ahead of the summit. Today, it would likely continue to be a directionless, choppy trading in a tight range - mainly driven by weekly options expiration than any economic or geopolitical developments.

Both our medium-term models and aggressive intraday models indicate staying out of the markets today. You do NOT have to force trades every day, unless it has become an addiction.

Stay safe in these choppy markets, and keep your powder dry for next week. Happy Friday, everyone!

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