Stocks react to new tariff threats

💡 DMK Insight

Emini S&P futures just broke key support levels, and here’s why that matters: The failure to hold above 6920/6910 and the subsequent drop below 6885 signals a bearish trend, pushing us toward the next downside target of 6850/6840. This movement isn’t just a blip; it reflects broader market sentiment, where traders are increasingly cautious amid economic uncertainties. If you’re day trading, watch for potential bounce-back attempts around 6850, but be ready to adjust your positions if the market fails to recover. On the flip side, if we see a sustained break below 6840, it could trigger further selling pressure, potentially cascading into a larger sell-off. Keep an eye on volume indicators; high volume on the downside could confirm this bearish trend. For swing traders, this could be a pivotal moment to reassess long positions and consider shorting opportunities, especially if the market continues to show weakness into the weekly close.