Similar to the early stage of Trump's previous administration, escalating trade tensions and tariff threats have once again rattled market sentiment, triggering a broad-based correction in equity indices down to key support levels.
Over the past two weeks, extreme trade war rhetoric shocked the market, causing the index to break below the 40,000-point support, reaching a low of 36,439 — near the 200-day moving average on the weekly chart. As this level coincides with a significant technical support zone, buying interest emerged, prompting a rebound back above the 40,000 mark.
This suggests that the market has begun to digest the trade war narrative, with investors gradually positioning in tranches around the 40,000 level. However, ongoing uncertainty surrounding trade policies may continue to weigh on sentiment. Should the index revisit 36,439 and fail to hold, further downside toward the next major support at 34,969 could be expected.
Over the past two weeks, extreme trade war rhetoric shocked the market, causing the index to break below the 40,000-point support, reaching a low of 36,439 — near the 200-day moving average on the weekly chart. As this level coincides with a significant technical support zone, buying interest emerged, prompting a rebound back above the 40,000 mark.
This suggests that the market has begun to digest the trade war narrative, with investors gradually positioning in tranches around the 40,000 level. However, ongoing uncertainty surrounding trade policies may continue to weigh on sentiment. Should the index revisit 36,439 and fail to hold, further downside toward the next major support at 34,969 could be expected.
I make a living by drawing charts.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
I make a living by drawing charts.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.