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Figure Heloc 
FUNDAMENTAL
OVERVIEWThe S&P 500 spiked into
the 6,750 level following Trump’s ceasefire announcement on Monday but eventually
gave back most of the gains after the Iranian side denied Trump’s claims and
yesterday officially rejected the ceasefire proposal. Overall, the market is now
consolidating as Trump’s push towards a deal despite Iranian pushback, keeps
the hope alive. Nonetheless, there’s a risk that this was just the usual jawboning
strategy to calm markets while the US prepares of a ground invasion. In fact, Trump’s announcement
came right after the US stock indices were flirting with key downside breakouts,
Treasury yields were surging into new highs and oil prices were rising into
triple digit territory. If the war
escalates further and we get the news of a ground invasion, we will likely see
the S&P 500 breaking into new lows. On the other hand, if Trump decides to
pull back militarily and end the hostilities, we should get a strong relief
rally which could mark the start of a move into new all-time highs.For now, the risk
of a ground invasion will keep the market under pressure and we will likely see
defensive hedging into the weekend barring a surprising deal or end of the war.
S&P 500
TECHNICAL ANALYSIS – DAILY TIMEFRAMEOn
the daily chart, we can see that
the S&P 500 spiked into the 6,750 level
where the sellers stepped in with a defined risk above the resistance to
position for a drop back into the 6,525 support. If the price gets there, we
can expect the buyers to pile in with a defined risk below the support to target
a pullback into the downward trendline.
S&P 500 TECHNICAL
ANALYSIS – 4 HOUR TIMEFRAMEOn
the 4 hour chart, there’s not
much we can add here as the price action became rangebound as traders are now
waiting for new catalysts before picking a direction. We need to zoom in to see
some more details.S&P 500 TECHNICAL
ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, we
have a minor downward trendline defining the current bearish momentum. We can
expect the sellers to continue to lean on the trendline to keep pushing into the
support. The buyers, on the other hand, will look for a break higher to target
a rally back into the resistance. The red lines define average daily range for today. UPCOMING CATALYSTSToday we get the latest US Jobless Claims figures
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
The S&P 500’s recent spike to 6,750 shows how sensitive markets are to geopolitical news, but the subsequent pullback highlights traders’ skepticism. With Trump’s ceasefire announcement initially boosting sentiment, the Iranian rejection is a stark reminder of the volatility that can arise from such developments. This back-and-forth creates a choppy trading environment, making it crucial for traders to stay nimble. The consolidation phase suggests that many are waiting for clearer signals before committing to positions. Watch for key support around the 6,700 level; a break below could trigger further selling pressure. On the flip side, if the market can hold above this level and show signs of recovery, it might attract buyers looking for a rebound. Keep an eye on related assets like oil, which often reacts to geopolitical tensions, as any escalation could lead to increased volatility across the board. Traders should monitor sentiment indicators and news flow closely, as they could provide hints on the next directional move.
📮 Takeaway
Watch the 6,700 support level on the S&P 500; a break could signal further downside, while a recovery might attract buyers.
