S&P 500 Shows Bullish Momentum Despite Trade Tensions
The S&P 500 edged up by 0.4% to kick off June, demonstrating resilience in the face of renewed U.S.-China trade tensions. Markets appear to be more focused on upcoming economic data than on the tariff threats, which investors suspect may once again be delayed or softened by the White House.
From a technical perspective, the price action suggests a potential bullish continuation. The index could bounce higher from current levels, with immediate resistance around 6,040 and key support near 5,920. A sustained move above resistance could signal further upside in the near term.
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The S&P 500 edged up by 0.4% to kick off June, demonstrating resilience in the face of renewed U.S.-China trade tensions. Markets appear to be more focused on upcoming economic data than on the tariff threats, which investors suspect may once again be delayed or softened by the White House.
From a technical perspective, the price action suggests a potential bullish continuation. The index could bounce higher from current levels, with immediate resistance around 6,040 and key support near 5,920. A sustained move above resistance could signal further upside in the near term.
if you like this idea if you have on Opinion about this analysis share in comments i will be Glad.
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✅Join my Telegram Channel
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✅Join my Telegram Channel
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Related publications
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.