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There will be more to add on the FTSE 100 and the DAX a little later this morning, but suffice to say both indexes did set in place a negative outside day reversal on Friday and later on it was the same for the S+P 500. So, the S+P resumed live trade at a new record opening level of 6,121.43. It then swiftly set a new all time high at 6,128.18, before turning lower. The session low was set at 6,088.74. The index then closed at 6,101.24. It had closed on Thursday at 6,118.71. That means the S+P 500 set in place key, outside day reversal from what was a new opening record and a new all time high. Right now, on this occasion, that seems not to have gone unnoticed by the S+P futures, because they are quite markedly lower this morning. There are two other main, non-technical reasons for that and they are a bad miss on the Chinese PMI data earlier and a series of fresh news wire report suggesting Trump is likely to impose 25% trade tariffs on Canada and Mexico. S+P futures have not taken kindly to this and right now the index is priced to open close to 6,025
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