FRED:SP500 moving below 200 Days EMA on Daily Chart and taking a support on same EMA on Weekly Chart. Due to current situation in the market, high volatility due to Tariffs and announcements, Traders should be cautious as current rebound might be a correction before another fall with support at 4587
Based on my chart, SP:SPX showing downtrend with a Strong Support Level of 5259. If it fails to hold this level, I won't be surprised to see SP:SPX at 4759.
Considering the factors Technical (Indicators showing bearish trend) & Fundamental (Tariffs, earnings, Fed's negative data etc.)
NVDA
Moving Average showing downward trend. Expecting Target $100 with Bearish Strategy before it starts moving again upward after Trump's Announcement on Tariffs April 02, 2025 at 04:00 PM EST.
Target: 253.5
Apple Forming Rectangle Chart Pattern during Bullish rally. Expected breakout to hit target of 253.50
Fundamentals also supporting the Bullish Pattern.
