Post:
SPX saw a sharp reversal after Trump’s renewed tariff threats on China, sparking a broad risk-off move. The index broke sharply from the upper channel, tagging the 21-day EMA and now sitting right on a minor key level within the ascending channel.
Momentum clearly flipped short-term, but the question now is whether there’s enough downside energy to break through both this key level and the channel’s lower boundary — a move that would shift structure from controlled pullback to confirmed trend break.
Key Levels:
• 6,535–6,550: Minor key level + channel support
• 6,750–6,780: Prior rejection zone
• 6,200: Major support if channel breaks
Focus: Watch for confirmation — either buyers step in at channel support, or momentum extends into a deeper structural break.
SPX saw a sharp reversal after Trump’s renewed tariff threats on China, sparking a broad risk-off move. The index broke sharply from the upper channel, tagging the 21-day EMA and now sitting right on a minor key level within the ascending channel.
Momentum clearly flipped short-term, but the question now is whether there’s enough downside energy to break through both this key level and the channel’s lower boundary — a move that would shift structure from controlled pullback to confirmed trend break.
Key Levels:
• 6,535–6,550: Minor key level + channel support
• 6,750–6,780: Prior rejection zone
• 6,200: Major support if channel breaks
Focus: Watch for confirmation — either buyers step in at channel support, or momentum extends into a deeper structural break.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
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Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
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Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.