U.S. stock futures inched higher early as a correction Tuesday after the three major averages sold off sharply. Investors also awaited President Donald Trump’s tariffs on Canada and Mexico, which he said would take effect on Tuesday.
The price declined as anticipated and has stabilized below 20,545. Today, it is expected to attempt a breakout at 20,345 to reach the next support zone between 20,110 and 20,935. Should the price fall below this zone, the next key support level is at 19,735.
Bearish target: 20,345. 20,110. 20,935.
From a technical perspective, a confirmed bullish reversal would require a breakout above the resistance zone between 21,385 and 21,030.
Bullish target: 20,545. 21,385. 21,030.
The price declined as anticipated and has stabilized below 20,545. Today, it is expected to attempt a breakout at 20,345 to reach the next support zone between 20,110 and 20,935. Should the price fall below this zone, the next key support level is at 19,735.
Bearish target: 20,345. 20,110. 20,935.
From a technical perspective, a confirmed bullish reversal would require a breakout above the resistance zone between 21,385 and 21,030.
Bullish target: 20,545. 21,385. 21,030.
Trade active
It declined from 20,545, reaching the next support zone at 20,110 and 19,935, before reversing. It is currently trading within this range, between 20,545 and 20,345. Overall, the downtrend is expected to continue.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.