The SP500 continued its decline on Friday. The downward price action is now very violent and could continue in the coming days as well. No signs of recovery still..
The SP500 has suffered a massive 8% drop, currently trading around 5158 at the moment, after market turmoil triggered by Trump's new tariff war. Panic selling has pushed the 30-minute RSIto an extreme oversold level of around 28, signaling potential short-term exhaustion.
Possible Scenarios:
🔹 Short-Term Bounce? The RSI suggests a possible technical rebound,...
Current Situation:
EUR/USD spiked to 1.10 levels(up sharply) following Trump’s tariff announcement, defying initial expectations of short-term USD strength. This suggests markets are pricing in long-term risks to the USD (growth fears, retaliatory tariffs) faster than anticipated.
Key Drivers Behind the Move:
1. Tariff Backfire Risk: Investors may fear tariffs...
