Short

Head & Shoulder Breakdown: Will S&P 500 Drop Another 10%?

● The S&P 500 has experienced significant volatility recently, mainly due to President Donald Trump's announcement of new tariffs.
● On April 3, 2025, the index saw a nearly 5% drop, its worst single-day loss in five years.
● The recent price action suggests that the index has broken below the neckline of the Head and Shoulder pattern, indicating a potential continuation of the downward trend.

◉ Key support levels to watch
● 1st Support - 5,200 - 5,250
● 2nd Support - 4,950 - 5,000

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