USNAS100 – Bearish Bias Ahead of Earnings, PPI & Tariff Tensions
S&P 500 and Nasdaq futures are slightly lower as traders weigh rate outlook, tariff developments, and major earnings reports.
📊 Earnings in Focus:
Goldman Sachs
GS, Morgan Stanley 
MS, and Bank of America 
BAC are set to report today.
JPMorgan Chase
JPM and Citigroup 
C posted strong results yesterday, but expressed caution over U.S. tariff policies.
🌍 Tariff Watch:
Trump announced a 19% tariff on Indonesian goods, with more deals anticipated ahead of the August 1 tariff deadline. The EU is reportedly preparing retaliatory measures if negotiations stall.
🔧 Technical Outlook:
The Nasdaq100 shows bearish momentum as long as it trades below 22900 and 23010, with potential downside targets:
Support: 22720 → 22615 → 22420
Resistance: 23010 → 23170
To shift back to a bullish trend, price must stabilize above 22900 and break 23010.
Key Events Today:
• Corporate Earnings
• Tariff Developments
• U.S. PPI Report
S&P 500 and Nasdaq futures are slightly lower as traders weigh rate outlook, tariff developments, and major earnings reports.
📊 Earnings in Focus:
Goldman Sachs
GS, Morgan Stanley MS, and Bank of America BAC are set to report today.JPMorgan Chase
JPM and Citigroup C posted strong results yesterday, but expressed caution over U.S. tariff policies.🌍 Tariff Watch:
Trump announced a 19% tariff on Indonesian goods, with more deals anticipated ahead of the August 1 tariff deadline. The EU is reportedly preparing retaliatory measures if negotiations stall.
🔧 Technical Outlook:
The Nasdaq100 shows bearish momentum as long as it trades below 22900 and 23010, with potential downside targets:
Support: 22720 → 22615 → 22420
Resistance: 23010 → 23170
To shift back to a bullish trend, price must stabilize above 22900 and break 23010.
Key Events Today:
• Corporate Earnings
• Tariff Developments
• U.S. PPI Report
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.