I have been proved wrong about being bullish lately. I took a couple L's and had to step back. Using the monthly chart, I have marked in blue lines every year's open. I can see a clear support area at the 2020 yearly open. This will take out the lows of both 2022 and 2023 low. I will be ignoring any bullish bars in anticipation of them getting eliminated. Yes, the long-term trend is indeed bullish, and this 32% correction will be a counter trend to the current bull trend. https://www.tradingview.com/x/L7PzaoPh/ https://www.tradingview.com/x/kxMIM30K/ The 2020 open is EXACTLY 50% of the high/low https://www.tradingview.com/x/V6VFUhHO/ Market declines in %: https://www.tradingview.com/x/eavQRe0j/ https://www.tradingview.com/x/85nCB14E/ Bearish Setups to employ: https://www.tradingview.com/x/Byd3fx5Y/ https://www.tradingview.com/x/F86lRuJv/ https://www.tradingview.com/x/kAO7jBAN/ https://www.tradingview.com/x/ngdzaVWa/ https://www.tradingview.com/x/PG0kJz9x/ https://www.tradingview.com/x/sJlgVXxN/ https://www.tradingview.com/x/jY749N4p/ Moral of the story? Don't pay attention to bullish bars as they will soon be wiped away.
The S&P 500 (SPX) continues to show a strong bearish bias and is approaching the 5,300-point level in the short term. Selling pressure remains steady as post-“Liberation Day” uncertainty persists, with markets concerned that the recently announced tariffs could significantly impact the U.S. economic outlook. As a result, this could severely limit the performance of equity indices like the S&P 500. Bearish Channel Since February 20, the SPX index has maintained consistent downward momentum, establishing a new bearish channel in the short term. The index has now broken below the key 5,400-point support level. However, the speed of the recent declines may have created an imbalance in market forces, which could pave the way for a bullish correction in upcoming sessions. Divergence in Indicators MACD: Both the MACD line and the signal line have shown higher lows in recent trading sessions, which contrasts with the lower lows in the SPX price, indicating a bullish divergence. RSI: The RSI is showing a similar pattern, with the line forming higher lows while price continues to make lower lows. Additionally, the RSI is now approaching the 30 level, which is typically considered the oversold zone. These divergence and oversold signals suggest that bearish momentum has accelerated sharply, potentially signaling short-term exhaustion. As the balance between buyers and sellers begins to stabilize, this may be an early indication that upward corrections could occur in the next few sessions. Key Levels: 5,780 points – Distant resistance: This level aligns with the 200-period moving average. A return to this zone could mark the start of a new bullish phase, posing a threat to the current bearish channel. 5,530 points – Near resistance: This area corresponds to neutral levels seen in recent weeks. It may become a target zone for potential corrective upward moves. 5,388 points – Key support zone: This level matches the lowest prices since September 2024 and is where the price is currently consolidating. If the index breaks decisively below this level, it could lead to a more extended bearish channel in the short term. By Julian Pineda, CFA – Market Analyst
Grace, an insurance company for luxury goods, announced on Wednesday a $6.4 million (€5.9 million) seed round led by FinTech Collective and Speedinvest. An insurance company for luxury goods, Grace works with luxury brands to protect purchased consumer goods. If an item is stolen or damaged, a consumer can create a claim through the Grace […]
While players on PlayStation 5 and Xbox Series X/S ditched physical games in favor of digital downloads in droves, Switch fans had been holding the line. But that might change with the Switch 2, thanks to physical edition price hikes and controversial game-key cards that don’t include the full game out of the box.…Read more...
The era of Disney trying to turn every animated movie into a live-action blockbuster might be coming to an end, as it’s been reported that the planned Tangled live-action remake has been “paused.” And even if more live-action remakes eventually happen, it seems that the Mickey Mouse company might be getting more…Read more...
- Nasdaq-100 index broke support level 18820.00 - Likely to fall to support level 18295.00 Nasdaq-100 index recently broke the key support level 18820.00 (the previous monthly low from the end of March). The breakout of this support level 18820.00 accelerated the minor impulse wave 1 of the intermediate impulse wave (C) from February. Nasdaq-100 index can be expected to fall to the next support level 18295.00 (former monthly low from September) – the breakout of which can lead to further losses to 18000.00.
Ethereum is expected to fall to $1,000 support after breaking its dynamic support line and if there is no support at this price, it will drop to $100
The Striking Parallels Between Trump's 2025 Tariffs and the Smoot-Hawley Tariff Act of 1930 The recent trade policies under President Trump's second administration bear remarkable similarities to the controversial Smoot-Hawley Tariff Act of 1930, both in approach and potential consequences. These parallels offer important historical lessons about protectionist trade policies. Protectionist Foundations and Scope Both trade initiatives share fundamentally protectionist motivations aimed at shielding American industries from foreign competition. The Smoot-Hawley Act increased import duties by approximately 20% with the initial goal of protecting struggling U.S. farmers from European agricultural imports. Similarly, Trump's 2025 trade agenda explicitly aims at "backing the United States away from integration with the global economy and steering the country toward becoming more self-contained". What began as targeted protections in both eras quickly expanded in scope. While Smoot-Hawley initially focused on agricultural protections, industry lobbyists soon demanded similar protections for their sectors. Trump's tariffs have followed a comparable pattern, beginning with specific sectors but rapidly expanding to affect a broad range of imports, with projected tariffs exceeding $1.4 trillion by April 2025—nearly four times the $380 billion imposed during his first administration. Specific Tariff Examples The parallel implementation approaches are notable: Trump imposed a 25% global tariff on steel and aluminum products effective March 12, 2025 Trump raised tariffs on all Chinese imports to 20% on March 4, 2025 Trump imposed 25% tariffs on most Canadian and Mexican goods Smoot-Hawley increased overall import duties by approximately 20% Smoot-Hawley raised the average import tax on foreign goods to about 40% (following the Fordney-McCumber Act of 1922) Global Retaliation and Economic Consequences Perhaps the most striking similarity is the international backlash. The Smoot-Hawley tariffs triggered retaliatory measures from over 25 countries, dramatically reducing global trade and worsening the Great Depression. Trump's 2025 tariffs have already prompted counter-tariffs from major trading partners: China responded with 15% tariffs on U.S. coal and liquefied natural gas, and 10% on oil and agricultural machines Canada implemented 25% tariffs on approximately CA$30 billion of U.S. goods The European Union announced tariffs on €4.5 billion of U.S. consumer goods and €18 billion of U.S. steel and agricultural products Expert Opposition Both policies faced significant opposition from economic experts. More than 1,000 economists urged President Hoover to veto the Smoot-Hawley Act. Trump's 2025 tariffs? Reaction is coming yet... Potential Economic Impact The historical record suggests caution. The Smoot-Hawley Act is "now widely blamed for worsening the severity of the Great Depression in the U.S. and around the world". Trump's "more audacious intervention" similarly carries "potentially seismic consequences for jobs, prices, diplomatic relations and the global trading system". These striking parallels between trade policies nearly a century apart demonstrate that economic nationalism and retaliatory trade cycles remain persistent challenges in international commerce, with historical lessons that remain relevant today. Stock market Impact Just watch the graph.. -- Best wishes, Your Beloved @PandorraResearch Team ? https://www.tradingview.com/x/mzrWHYyN/
Potential short on CADJPY as the breakout and retest of a rising channel
BTC is forming a potential bullish setup after a period of tight consolidation within a falling wedge. Price is attempting to reclaim structure above key resistance, with the wedge breakout suggesting momentum could shift upward. If volume supports the move, bulls may regain control, making this zone critical for confirmation.