As the White House proposes 25% Tariffs on Steel and Aluminum imported to the US, and with the current resistance we're seeing around the $6069 Price Level, we're now looking for a potential pullback as more import duties are to be included along with Steel and Aluminum come Tuesday / Wednesday of this week.
If we do see a pullback, we're looking to see if it break support on the 50% Retracement and even further below are the $6021 Price Levels, but even more so, the 5960s.
Going to be an interesting one to watch! Stay connected by registering your FREE account on our website to access even more resources and tools to improve managing your financials and investments.
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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.