S&P Futures Slide Back Under 2,950 After Trump Slams Xi In Angry Tweetstorm

Trump decided to drop some late-night tweets, escalating what had been an already tense day for US-China relations, and accusing China’s Xi Jinping of being behind a “disinformation and propaganda attack on the United States and Europe” and that China could have “easily stopped the plague but they didn’t”

“It all comes from the top,” Trump said accusing China’s President Xi in a trio of tweets on Wednesday night, in which he claimed that China was “desperate” to have Joe Biden win the presidential race (he is probably right on that). 

The editor in chief of the Global Times, Hu Xijin, who is always on alert on twitter, was quick to respond to Trump with the following tweet, which also received permission from “the top”:

“Chinese netizens wish for your reelection because you can make America eccentric and thus hateful for the world. You help promote unity in China and you also make intl news as fun as comedy. Chinese netizens call you “Jianguo,” meaning “help to construct China”. 

And just like that, the emini S&P 500 futures are back under the critical 2,950 resistance level.

Just when it seemed that Emini futures were about to break out from the narrow channel they had been boxed in for the past month, and where the 2,950 level was suddenly breached after repeated failed attempts…