S&P INTRADAY bearish below 5636President Donald Trump imposed the highest U.S. tariffs in a century, aiming to reshape the global economy. This move triggered threats of retaliation and a sharp market selloff worldwide. Stock markets reacted quickly and negatively. U.S. equity futures dropped as investors worried about corporate earnings. European and Asian stocks also declined. The dollar fell to a five-month low, while investors sought safety in Treasury bonds, and the yen strengthened.
Key Support and Resistance Levels
Resistance Level 1: 5636
Resistance Level 2: 5713
Resistance Level 3: 5790
Support Level 1: 5413
Support Level 2: 5262
Support Level 3: 5200
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.