SPX500 – Overview
Geopolitical Tensions & Rate Decisions Keep Markets on Edge
Investor focus has shifted from monetary policy to geopolitics, as speculation grows over a potential U.S. military strike on Iran.
According to Bloomberg, senior U.S. officials are reportedly preparing for possible action in the coming days. This comes as global markets remain cautious ahead of key central bank meetings that are expected to provide updated guidance on growth and inflation.
Technical Outlook:
SPX500 remains under bearish pressure as long as the price trades below 5966.
A break and hold below 5966 targets 5938, with further downside toward 5902 and 5885
For a shift to bullish momentum, price must stabilize above 6010
• Support: 5938 / 5902 / 5885
• Resistance: 5989 / 6010 / 6041
Geopolitical Tensions & Rate Decisions Keep Markets on Edge
Investor focus has shifted from monetary policy to geopolitics, as speculation grows over a potential U.S. military strike on Iran.
According to Bloomberg, senior U.S. officials are reportedly preparing for possible action in the coming days. This comes as global markets remain cautious ahead of key central bank meetings that are expected to provide updated guidance on growth and inflation.
Technical Outlook:
SPX500 remains under bearish pressure as long as the price trades below 5966.
A break and hold below 5966 targets 5938, with further downside toward 5902 and 5885
For a shift to bullish momentum, price must stabilize above 6010
• Support: 5938 / 5902 / 5885
• Resistance: 5989 / 6010 / 6041
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.