S&P 500 Market Update
Recent changes to tariffs have made investors feel more confident, and because of that, the S&P 500 has broken out of a downward trend it had been stuck in. This breakout suggests prices could continue rising for now.
However, technical analysis shows that many investors might still be cautious. A lot of them may plan to sell if the market climbs back near $5,650 (faded yellow rectangle box on chart), trying to limit losses compared to when prices dropped to around $4,800 a few weeks ago.
If the market struggles to get past $5,650 (faded yellow rectangle box on chart), we could see prices fall again, possibly down to around $5,300, before the market settles for a bit and decides on its next big move.
• Blue line: shows the path I expect the market to take based on investor behavior and technical patterns.
• White line: shows the general trend where buyers typically step in. If the price falls through this line, it could signal more downside ahead.
Recent changes to tariffs have made investors feel more confident, and because of that, the S&P 500 has broken out of a downward trend it had been stuck in. This breakout suggests prices could continue rising for now.
However, technical analysis shows that many investors might still be cautious. A lot of them may plan to sell if the market climbs back near $5,650 (faded yellow rectangle box on chart), trying to limit losses compared to when prices dropped to around $4,800 a few weeks ago.
If the market struggles to get past $5,650 (faded yellow rectangle box on chart), we could see prices fall again, possibly down to around $5,300, before the market settles for a bit and decides on its next big move.
• Blue line: shows the path I expect the market to take based on investor behavior and technical patterns.
• White line: shows the general trend where buyers typically step in. If the price falls through this line, it could signal more downside ahead.
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.
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.