S&P 500 Futures Rise After New Tariffs Kick In
President Trump's sweeping tariffs officially took effect just after midnight, escalating trade tensions with dozens of countries. While negotiations are ongoing behind the scenes to secure exemptions and reduce tariff rates, market reactions are already underway.
Technical Outlook
S&P 500 Futures continue to show bullish momentum as long as price trades above 6289, with the potential to retest the All-Time High (ATH).
To confirm a move toward 6453, price must close above 6437 on the 1H chart.
🔻 However, if the price stabilizes below 6389, a correction toward 6365 becomes more likely.
Key Levels:
🔹 Resistance: 6424 – 6453
🔹 Support: 6365 – 6341
President Trump's sweeping tariffs officially took effect just after midnight, escalating trade tensions with dozens of countries. While negotiations are ongoing behind the scenes to secure exemptions and reduce tariff rates, market reactions are already underway.
Technical Outlook
S&P 500 Futures continue to show bullish momentum as long as price trades above 6289, with the potential to retest the All-Time High (ATH).
To confirm a move toward 6453, price must close above 6437 on the 1H chart.
🔻 However, if the price stabilizes below 6389, a correction toward 6365 becomes more likely.
Key Levels:
🔹 Resistance: 6424 – 6453
🔹 Support: 6365 – 6341
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.