S&P500 INTRADAY consolidation range

63
Boeing Crash: An Air India Boeing 787 crashed after takeoff from Ahmedabad to London, killing all 242 on board. It’s the worst accident involving this model. Boeing shares dropped on renewed safety concerns.

Trump Tariffs: Donald Trump plans to set new tariff rates within 1–2 weeks before a July 9 deadline. The EU may be last to get a trade deal. Japan is cautious about any agreement.

US-UK Trade Deal: The US and UK plan to move quickly on a trade deal. The EU is expected to face delays.

Tariff Pause: The US may extend a 90-day pause on tariffs for countries negotiating seriously.

Middle East Tensions: The US is pulling embassy staff as tensions rise. Iran warned of retaliation if nuclear talks fail. Reports say the US is preparing for a possible Israeli strike on Iran. Oil prices eased.

Key Support and Resistance Levels

Resistance Level 1: 6060

Resistance Level 2: 6120

Resistance Level 3: 6172

Support Level 1: 5960

Support Level 2: 5900

Support Level 3: 5800

This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.

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.