Post:
SPX saw a sharp reversal after Trump’s renewed tariff threats on China, sparking a broad risk-off move. The index broke sharply from the upper channel, tagging the 21-day EMA and now sitting right on a minor key level within the ascending channel.
Momentum clearly flipped short-term, but the question now is whether there’s enough downside energy to break through both this key level and the channel’s lower boundary — a move that would shift structure from controlled pullback to confirmed trend break.
Key Levels:
• 6,535–6,550: Minor key level + channel support
• 6,750–6,780: Prior rejection zone
• 6,200: Major support if channel breaks
Focus: Watch for confirmation — either buyers step in at channel support, or momentum extends into a deeper structural break.
SPX saw a sharp reversal after Trump’s renewed tariff threats on China, sparking a broad risk-off move. The index broke sharply from the upper channel, tagging the 21-day EMA and now sitting right on a minor key level within the ascending channel.
Momentum clearly flipped short-term, but the question now is whether there’s enough downside energy to break through both this key level and the channel’s lower boundary — a move that would shift structure from controlled pullback to confirmed trend break.
Key Levels:
• 6,535–6,550: Minor key level + channel support
• 6,750–6,780: Prior rejection zone
• 6,200: Major support if channel breaks
Focus: Watch for confirmation — either buyers step in at channel support, or momentum extends into a deeper structural break.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.