SP500 Price consolidation a bearish trend due the U.S. stock futures fell on Tuesday, reversing earlier gains as renewed concerns over U.S.–China trade relations weighed on sentiment. The latest trade-related headlines reignited fears of escalating tensions between the two economic powers.
These moves followed a sharp rebound on Wall Street Monday, when President Donald Trump struck a softer tone toward China. That came after last week’s threats of 100% tariffs on Chinese goods, which had erased roughly $2 trillion in market value.
Technical Analysis
The S&P 500 appears to be consolidating after recent volatility Bearish bias emerging following a failed breakout at key resistance the index reversed from the resistance zone, suggesting sellers are regaining control a potential shift to the downside remains in play, with near-term targets at 6,510 and 6,401
You may find more details in the chart.
Trade wisely best of Luck.
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These moves followed a sharp rebound on Wall Street Monday, when President Donald Trump struck a softer tone toward China. That came after last week’s threats of 100% tariffs on Chinese goods, which had erased roughly $2 trillion in market value.
Technical Analysis
The S&P 500 appears to be consolidating after recent volatility Bearish bias emerging following a failed breakout at key resistance the index reversed from the resistance zone, suggesting sellers are regaining control a potential shift to the downside remains in play, with near-term targets at 6,510 and 6,401
You may find more details in the chart.
Trade wisely best of Luck.
Ps; Support with like and comments for better analysis Thanks for Supporting.
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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.