The current correction in the S&P 500 has reached a low of 4,835 points, which aligns with the target range of 4,800 given on April 5. The highest rebound was to 5,481 points, filling the gap from the April 3 drop. Overall, the 5,050–4,950 range is considered a medium-term safe entry zone, while 5,400–5,700 is the rebound resistance zone.
• The broader market trend, overall trading strategies, and key index reference levels can be reviewed in the recordings from April 5 and 13.
• The worst (most chaotic) period in terms of U.S. macro sentiment may be over. The impact on corporate earnings will likely become clear in the next quarter. The S&P 500 has already corrected to key mid-day support levels, and the market has largely priced in a technical bear market. While the mid-term correction has likely reached its technical scope, more time is needed for technical recovery and for fundamental factors to settle.
• In the short term, the probability of fundamental stabilization is relatively high. (The Musk & Navarro shockwaves are being countered by the Bessent establishment faction.) Index volatility is expected to continue narrowing. The market is shifting focus to large-cap corporate earnings reports. The mid-term timing point is expected around May–June.
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