Apparently Peter Navarro says China Trade Deal is over during an interview.
This was one of those risk concerns some analysts had, and Trump is using an up market to play hard ball, and probably try to improve his polls. Hang loose SPY
The trade deal could do it but chart needed it also. It was running away from indicators. Take a look at 15 min indicators. By morning we see if we climb or if late news will cause more damage.