The structure of the S&P 500 daily chart implies a market that is concerned. Although many of the fundamentals released on Thursday were basically meeting market expectations, there is concern about the impact of the tariffs there is concern about geopolitical factors and there is concern about how the market will absorb Friday's economic numbers. Sellers are here but will they have a reason to follow through to the downside as we go into the weekend.
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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.