The technical aspect is just a decoration in the face of news; yesterday's market surge was not only due to the rumors of ceasefire but also the expectations of interest rate cuts in July.
Trump is again talking about urging for interest rate cuts; a rate cut could indeed ignite a bull market, but if over-speculated ahead of time, positive news could turn into negative news.
Moreover, considering the uncertainty of Trump's statements, it’s safer to observe more and act less, waiting for strong support levels before entering the market, or mainly testing the waters with a light position.
