The S&P 500 has broken down from a rising wedge pattern, triggering a sharp decline. Let’s break down why this is happening and what it could mean for the market. ? Key Reasons for the Sell-Off 1️⃣ Rising Yields and Interest Rate Fears The Federal Reserve’s stance on interest rates remains a major driver of market movement. Recent economic data has delayed expectations of rate cuts, leading to a spike in Treasury yields. Higher yields make equities less attractive, pushing investors toward bonds instead of stocks. 2️⃣ Overextended Market & Profit-Taking The S&P 500 hit all-time highs recently, and many stocks had become overbought. Large funds and institutions may be taking profits, especially in high-growth tech stocks. This type of rotation can trigger a broader market pullback as traders lock in gains. 3️⃣ Technical Breakdown of Key Support Levels The S&P 500 broke below critical support at 5,866, which has now turned into resistance. The index also failed to hold key moving averages, confirming a technical breakdown. Volume on red days has increased, showing strong selling pressure. 4️⃣ Weakness in Mega-Cap Tech Stocks Big Tech stocks like NVDA, AAPL, and GOOGL, which have led the rally, are seeing a pullback. This weakness drags down the overall index, as these stocks have an outsized influence on the S&P 500. 5️⃣ Geopolitical & Economic Uncertainty Global tensions and rising oil prices are adding pressure to markets. Concerns about slowing economic growth are also weighing on investor sentiment. Earnings reports from major companies have been mixed, adding to the uncertainty. What’s Next? The S&P 500 could find support around 5,750 - 5,800 if the selling continues. A rebound above 6,000 would signal strength, but failing to reclaim key levels could mean further downside. The 200-day SMA is still holding, so bulls still have hope unless we see a deeper break. Is this just a pullback, or are we seeing the start of a larger correction? Let me know your thoughts!
price is reaching the bottom of channel within a sharp descending wedge. Expecting a bounce up and potential to head back to the top of channel
https://www.tradingview.com/x/I53Winwa/ ✅SILVER is approaching a demand level of 30.80$ So according to our strategy We will be looking for the signs of the reversal in the trend To jump onto the bullish bandwagon just on time to get the best Risk reward ratio for us LONG? ✅Like and subscribe to never miss a new idea!✅
- S&P 500 index broke support zone - Likely to fall support level 5800.00 S&P 500 index recently broke the support zone between the key support level 5925.00 (low of the previous waves a and c), the support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse from January. The breakout of this support zone accelerated the active short-term correction ii – which belongs to the higher raves 3 and (C). S&P 500 index can be expected to fall to the next support level 5800.00, a low of the previous minor corrections a and 2.
Good morning Everyone, Today when the AUS200 open in 20 minutes, i will consider entry long - but small at 8208-18 ranges, May consider adding long at 8182-92 but I need to review how significantly the DOW will fall or recover before I am attempting . Please ensure stop loss around 8165-69 Our target 1 - at 8142-56 Target 2 at 8256-83
- Ferrari reversed from round resistance level 500.00 - Likely to fall support level 440.00 Ferrari recently reversed down from the resistance zone between the round resistance level 500.00 (previous yearly high from 2024) and the upper weekly Bollinger Band. The downward reversal from this resistance zone is likely to form the weekly Evening Star Doji – if the price closes this week near the current levels. Given the strength of the resistance level 500.00 and the overbought daily Stochastic, Ferrari can be expected to fall to the next support level 440.00.
#EUR chart seems have been weakening , a correction may be on the table.
In today's short-term operation of gold, it is recommended to focus on short-selling on rebounds, supplemented by long-selling on callbacks. The upper short-term focus is on the 2888-2890 first-line resistance, and the lower short-term focus is on the 2830-2834 first-line support. Short position strategy: Strategy 1: Short 20% of the position in batches near 2885-2890 in the early trading of gold, stop loss 8 points, target near 2865-2850, and look at 2835 if it breaks; Long position strategy: Strategy 2: Buy 20% of the position in batches near 2835-2838 when gold falls back, stop loss 8 points, target near 2850-2860, and look at 2870 if it breaks;
APA Corporation (APA) is showing signs of a potential trend reversal with a Double Bottom pattern forming on the daily chart. The price has bounced off key support, and a breakout above the confirmation level could trigger upside momentum. ? Entry: Confirmation breakout ? Stop Loss: 18.42 (below the double bottom) ✅ Target: 31.00 (measured move projection) With increasing volume, a breakout could signal a strong recovery. Traders should watch for confirmation before entering long positions.
Key Levels to Watch: DR High: 109,205 DR Low: 58,996 Weekly Gap: 65,332, aligning with the 0.886 Fib Discount Level Devil’s Mark: Sitting near the 0.618 Fib retracement Analysis: Liquidity rests below the Devil’s Mark, meaning price could still target this area before any significant reversal. The weekly gap at 65,332 is a major area of confluence, lining up with 0.886 Fib—a strong support zone. If the current level fails to hold, the market may seek deep liquidity around 65K–58K before any bounce. Bearish Scenario: Loss of 0.618 Fib (78K) could trigger further downside sweeps. Worst case: Breakdown into the weekly gap & DR low area. Bullish Scenario: Holding above Devil’s Mark with a strong reaction could indicate a reversal. Reclaiming 85K–90K range would shift bias back to bullish. Game Plan: Stay vigilant for a liquidity grab before positioning. If price drops into 65K–58K with a reaction, that could be the buy zone. Lord Medz