USNAS100| SHORT TERM U.S. stock futures inched higher early as a correction Tuesday after the three major averages sold off sharply. Investors also awaited President Donald Trumpโs 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.