S&P in Narrow Trading Range

S&P is trapped within narrow trading range as traders await the Trump’s administration activates tariffs on Chinese goods worth around $34 billion on Friday, which is widely expected to trigger a tit-for-tat response from Beijing. Technical pressures are building up as the market dances its way into an increasingly tight trading range. S&P’s 2700 marks the inflection point. A failure to hold above key level indicates a change in sentiment and a much deeper pullback should be expected

S&P Trapped in Narrow Trading Range

S&P is trapped within narrow trading range as we’re heading into the end of the month. Technical pressures are building up as the market dances its way into an increasingly tight trading range. S&P’s 2700 marks the inflection point. A failure to hold above key level indicates a change in sentiment and a much deeper pullback should be expected

S&P in Process of Establishing Near-term Support Plateau

current price structure suggests that market is in a process of establishing a near-term support plateau. S&P’s 2580 is the line in the sand. All bets are off should the bulls fail to secure this support

S&P in Consolidation Phase

after the early April massive rally, stocks digested their gains in a consolidation phase that is giving way to a pullback in the S&P. Although seemingly vulnerable to a short-term weakness, a close below 2660 is needed before there is any real prospect of a change in the short-term uptrend pressure

S&P Break Out Will Not Sustain

the early March’s recovery rally is testing ‘support turned resistance’ near S&P’s 2740. While the overall technical backdrop remains bullish with the short-term trend pointing upward, daily chart of the S&P has shown significant signs that momentum is waning. Over the intermediate to long term, the technical suggested that breakouts will not sustain

S&P’s Rally Stalled near Key Level

S&P’s rally stalled near key price level. The index could signal a downward trajectory, depending on how it closes over the next few days. Initial support is defined by the lower boundary of the pink band, around 2485. If it closes below that level, the next leg is likely lower, and we’re looking at 2553, based on the trend channel moving average

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