The SP500 has suffered a massive 8% drop, currently trading around 5158 at the moment, after market turmoil triggered by Trump's new tariff war. Panic selling has pushed the 30-minute RSIto an extreme oversold level of around 28, signaling potential short-term exhaustion.
Possible Scenarios:
🔹 Short-Term Bounce? The RSI suggests a possible technical rebound, with key resistance around 5200-5250 if buyers step in. Watch for volume confirmation.
🔹 Further Downside? If panic continues, the next major support lies at 5100, followed by 5000 psychological level, where institutional buyers might defend price.
⚠️ Caution: Markets remain highly volatile! A dead-cat bounce is possible, but uncertainty surrounding tariffs could fuel more downside pressure. Stay sharp!
📊 What’s Your Take? Will SP500 recover or break lower? Drop your thoughts below! 🚀🔥
#SP500 #StockMarketCrash #Tariffs #Trading #TechnicalAnalysis #RSI
Possible Scenarios:
🔹 Short-Term Bounce? The RSI suggests a possible technical rebound, with key resistance around 5200-5250 if buyers step in. Watch for volume confirmation.
🔹 Further Downside? If panic continues, the next major support lies at 5100, followed by 5000 psychological level, where institutional buyers might defend price.
⚠️ Caution: Markets remain highly volatile! A dead-cat bounce is possible, but uncertainty surrounding tariffs could fuel more downside pressure. Stay sharp!
📊 What’s Your Take? Will SP500 recover or break lower? Drop your thoughts below! 🚀🔥
#SP500 #StockMarketCrash #Tariffs #Trading #TechnicalAnalysis #RSI
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.
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.