With renewed trade tensions between the US and China creating market uncertainty, the S&P 500 could be pushed significantly lower. The key support level to watch is the 6255 - 6468 range (1), which may act as a buffer. A break below this level could accelerate the move down toward the Feb - Apr 2025 monthly pullback zone (2). In either scenario, this volatility could cause a repricing of many stocks toward their perceived fundamental values.
N.B!
- ES! price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#S&P500
#nasdaq
#nyse
N.B!
- ES! price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#S&P500
#nasdaq
#nyse
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
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.
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
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.
