Following commentary out of China that suggests there are no ongoing trade discussions with U.S. officials, equity futures are pointing to an end of this week's 2-day rally. Kevin Green tries to weave through the nuances of this public tariff tit-for-tat and headline-driven story weighing on market performance. For the S&P 500 (SPX), KG is watching the $5450 level to the upside which has acted as a key area of resistance and coincides with its 20-day moving average. To the downside, he highlights $5215 but cautions that any news out of the White House could change intraday levels.