Could the US500 be setting up for a bounce?

8 Apr

Hello,

The US500 is trading near the trend line, a key area where technical investors will be looking for a bounce back. While the current market remains choppy due to tariffs from the US president, technical analysis does offer us key areas where we can look for entries going forward.

What is certain is that this is not the time to panic and sell all your held positions. As always, during moments like these composure + a clear plan are your best line of defence. Probabilistic thinking as well can go a long way in identifying great opportunities. We’re all dealing with known and unknown variables now, and there’s no shame in saying, "I don’t know."

For me I see opportunities in the S&P especially because the news is already out. Additionally, we are coming into earnings season when the market is at the bottom. Companies that show resilience will attract early investors and the index will bounce back. So please keep your long-term view.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

3 hari lalu

Dagangan aktif

Chart update. We are halfway done