SP500 In Reverse: Unpacking the latest markets setbackThe SP500 continued its decline on Friday. The downward price action is now very violent and could continue in the coming days as well. No signs of recovery still..
Tradenation
SP500 Plunges 8% in a day!! Oversold or more pain ahead?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
EURUSD update 20.03After a successful swing long
that was taken
We've reached external liquidity
Now, I expect a correction to the green box; from it, we will go even higher—reaching liquidity from above.
The current correction will take some time to form. It may happen faster, but I have indicated the targets on the chart.
Best regards EXCAVO
EURUSD Surges to 1.10 levels post-Trump Tariffs: BUY or SELL?Current Situation:
EUR/USD spiked to 1.10 levels(up sharply) following Trump’s tariff announcement, defying initial expectations of short-term USD strength. This suggests markets are pricing in long-term risks to the USD (growth fears, retaliatory tariffs) faster than anticipated.
Key Drivers Behind the Move:
1. Tariff Backfire Risk: Investors may fear tariffs will hurt U.S. growth more than Europe’s, weakening the USD.
2. ECB vs. Fed Policy Shift: Bets that the **Fed could cut rates sooner** if tariffs slow U.S. inflation/growth, while the ECB delays cuts.
3. Retaliation Bets: Expectations of aggressive EU countermeasures (e.g., tariffs on U.S. tech/agriculture) boosting EUR sentiment.
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Technical Analysis (EUR/USD Daily Chart)
- ✅ Breakout Confirmed : Price surged till 2024's resistance, now testing 1.10 levels (psychological levels).
- RSI: Overbought, suggesting short-term pullback risk.
#EURUSD #TrumpTariffs #ForexTrading #Breakout #USDweakness
EURUSD - Bullish No More!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURUSD has been overall bullish, trading within the rising channel, however it is currently retesting the upper bound of the channel.
Moreover, the red zone is the upper bound of its weekly range.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the structure and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As #EURUSD approaches the red circle, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
