3 min readS&P 500 (SDX):
Analysts and traders panicked during Monday morning’s trading session as Trump signalled the first few countries to face tariffs, causing the S&P 500 to gap down by over 1.5%!
A closer look at the technicals clearly shows that the price has rejected this resistance area and is now trading back below the daily 50 EMA. The price appears to be moving lower, returning to internal support regions. Meanwhile, the RSI indicator does not indicate that the price is overbought or oversold in these current areas.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
