S&P - What will happen next for the S&P?

7 Apr

The S&P 500 has been dropping quickly after Trump's tariff policies were announced. It fell from 5750 to 4900, and is now at 5053, all in just a few days. This is a sharp decline, and sellers are clearly in control right now.

However, after such a big drop, it's common to see a short-term bounce before the market continues to fall. There is strong resistance between 5400 and 5500, which lines up with the golden pocket (a key level in technical analysis). This could make it harder for the S&P to rise past these levels.

Looking further down, there is another strong support area between 4500 and 4600. This level also matches the golden pocket on the daily chart, making it an important point for potential support. If the market keeps falling, we could see this area tested before any significant recovery.

Right now, it seems likely that the market will keep going lower. My main expectation is that we’ll get a small rally first, which could trick some traders into thinking the market is recovering, before continuing down. However, with all the uncertainty around the news and policies right now, it's also possible the market could keep dropping sharply without much of a rally.

Keep a close eye on the markets and stick to good risk management practices. If you don’t, it could really hurt your portfolio. Stay alert and adjust your strategy as things change.



Thanks for your support.
- Make sure to follow me so you don't miss out on the next analysis!
- Drop a like and leave a comment!

9 Apr

Dagangan aktif

The S&P went straight up to the resistance and is testing it right now. Watch for a possible rejection