U.S. equity markets are mixed to start the day after President Trump threatens to move ahead with additional tariffs on Chinese goods ahead of the meeting with President Xi of China at the G – 20 summit in Buenos Aires at the end of the week. Fed Chairman Powell is set to speak tomorrow as their outlook on policy making appears less predictive. Trade concerns remain at the forefront with President Trump also noting that UK Prime Minister Theresa May’s Brexit deal could hinder trade with the U.S. Near term support in the S&P 500 is seen at 2655 with the next downside target at the November lows at 2626.

E-Mini S&P Dec ’18 Daily Chart