SPX 
SP1! ES1! ALL TALK? NO ACTION?
Complex battle continues and still is not a clear direction, economies collapsing?... not yet, take a look of these points:
1) Actual 200 DMA of
ES1! is 2590 (PINK).2) All support becomes resistance, but actual 200 DMA (2590) had been crossed over many times.
3) Yesterday at the session end, futures indices closed in positive territory and after China & Usa announced new tariffs, futures indices have going down.
4) Below the actual 200 DMA (2590 PINK), still remains 2 interesting supports: April 1 low (2552) and February lows (2530) {PURPLE}.
5) Negative session, negative day maybe a negative week for almost all markets with all this goverment announces.
6) European indices down but does not fall with the strength of the American indices, futures remain negative and expecting to Bearish sentiment in American open.
7) High volatility and many bad news is not a good combination for a long terms trading, a day for intraday small trades, with many stop loss and limited orders.
8) At the end, everything is still ANNOUNCEMENT of actions, likewise all this is reversed if one of the 2 governments announces that they have opened negotiations ... so I would not be so confident to open short positions either.
[9) The real effects of these actions announced we will see in a month at least, especially because it can get worse or even stop, is a dynamic issue, review continuously.
10) This is still a political situation, many of these announces are a pressure strategy to OPEN a negotiation, at the end, goverments want the best for his own benefits.
Trade active
15 min chart ES1! - Temporal support at 2570 but american opening doesn't look good, everything in RED: pre-market, futures, indices, FAANG, agricultural, oil, everything in tenssion... high vix, be aware of these supports:Trade closed: target reached
Supports had worked and futures will end in positive territory, after all many experts believe that these announcements are a door to open negotiations or the real effects of these anouncements will take some times, but will see...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.