SP500Consoldation Could Next falling pattern

14 paź

SP500 Price consolidation a bearish trend due the U.S. stock futures fell on Tuesday, reversing earlier gains as renewed concerns over U.S.–China trade relations weighed on sentiment. The latest trade-related headlines reignited fears of escalating tensions between the two economic powers.

These moves followed a sharp rebound on Wall Street Monday, when President Donald Trump struck a softer tone toward China. That came after last week’s threats of 100% tariffs on Chinese goods, which had erased roughly $2 trillion in market value.

Technical Analysis
The S&P 500 appears to be consolidating after recent volatility Bearish bias emerging following a failed breakout at key resistance the index reversed from the resistance zone, suggesting sellers are regaining control a potential shift to the downside remains in play, with near-term targets at 6,510 and 6,401

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15 paź

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