S&P 500 FUTURES DROP 2% AMID BEARISH GAP AND TARIFF CONCERNS

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S&P 500 Futures Drop 2% Amid New Tariff Concerns

S&P 500 futures fell 2% early Monday as new U.S. tariffs on key trade partners sparked investor fears over economic and corporate profit impacts. Despite a strong earnings season, trade uncertainty is weighing on market sentiment.

From a technical perspective, the price experienced a bearish gap, stabilizing below the 5,997 - 5,937 resistance zone. Currently, the price is making a corrective move, attempting to trade back within this zone. However, unless a confirmed breakout above 5,997 - 5,937 occurs, the bearish scenario remains dominant.

A potential scenario is that the price extends its correction towards 5,997, testing it as resistance before resuming its downtrend. A further drop is expected to target the 5,827 - 5,806 support zone. Should this level fail to hold, the next downside objective is around 5,750 - 5,685.

Conversely, an uptrend scenario would require a clear breakout and stabilization above 5,997 - 5,937, which could trigger renewed bullish momentum.

Tendency Keys: 5,937
Resistance Line: 5,937, 5,997, 6,040
Support Line: 5,827, 5,806, 5,750

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تم فتح الصفقة

The price has shifted direction, rising and stabilizing above the 5,997–5,937 range before reaching the next resistance level at 6,040. Following this, a correction occurred. Currently, the price is attempting to break above 5,997 to confirm the continuation of the bullish trend.