S&P 500 FUTURES DROP 2% AMID BEARISH GAP AND TARIFF CONCERNS
S&P 500 Futures Drop 2% Amid New Tariff Concerns
S&P 500 futures fell 2% early Monday as new U.S. tariffs on key trade partners sparked investor fears over economic and corporate profit impacts. Despite a strong earnings season, trade uncertainty is weighing on market sentiment.
From a technical perspective, the price experienced a bearish gap, stabilizing below the 5,997 - 5,937 resistance zone. Currently, the price is making a corrective move, attempting to trade back within this zone. However, unless a confirmed breakout above 5,997 - 5,937 occurs, the bearish scenario remains dominant.
A potential scenario is that the price extends its correction towards 5,997, testing it as resistance before resuming its downtrend. A further drop is expected to target the 5,827 - 5,806 support zone. Should this level fail to hold, the next downside objective is around 5,750 - 5,685.
Conversely, an uptrend scenario would require a clear breakout and stabilization above 5,997 - 5,937, which could trigger renewed bullish momentum.
Tendency Keys: 5,937
Resistance Line: 5,937, 5,997, 6,040
Support Line: 5,827, 5,806, 5,750
S&P 500 futures fell 2% early Monday as new U.S. tariffs on key trade partners sparked investor fears over economic and corporate profit impacts. Despite a strong earnings season, trade uncertainty is weighing on market sentiment.
From a technical perspective, the price experienced a bearish gap, stabilizing below the 5,997 - 5,937 resistance zone. Currently, the price is making a corrective move, attempting to trade back within this zone. However, unless a confirmed breakout above 5,997 - 5,937 occurs, the bearish scenario remains dominant.
A potential scenario is that the price extends its correction towards 5,997, testing it as resistance before resuming its downtrend. A further drop is expected to target the 5,827 - 5,806 support zone. Should this level fail to hold, the next downside objective is around 5,750 - 5,685.
Conversely, an uptrend scenario would require a clear breakout and stabilization above 5,997 - 5,937, which could trigger renewed bullish momentum.
Tendency Keys: 5,937
Resistance Line: 5,937, 5,997, 6,040
Support Line: 5,827, 5,806, 5,750
Transaction en cours
The price has shifted direction, rising and stabilizing above the 5,997–5,937 range before reaching the next resistance level at 6,040. Following this, a correction occurred. Currently, the price is attempting to break above 5,997 to confirm the continuation of the bullish trend.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.