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Figure Heloc 
FUNDAMENTAL
OVERVIEWThe S&P 500 went back
into risk aversion yesterday as reports of Iran deploying mines in the Strait
of Hormuz and continuous attacks on ships sent oil prices higher again. Yesterday,
Trump told Axios that there’s practically nothing left to target in Iran and
that the war will end soon. Unfortunately, the market
no longer seems to be buying the “war ending soon” narrative. His comments were
largely ignored, as traders now want to see a clear and definitive end to the
conflict. His jawboning strategy to keep markets buoyant while continuing the war isn’t working anymore.The longer this war drags on
and the higher oil prices go, the worse the impact will be on the economy and the
stock market. The bias remains neutral to bearish. S&P 500
TECHNICAL ANALYSIS – DAILY TIMEFRAMEOn
the daily chart, we can see that
the S&P 500 fell back below the
6,760 resistance zone as risk aversion returned. This is where we can expect
the sellers to step in with a defined risk above the resistance to position for
a drop into the 6,530 support. The buyers, on the other hand, will look for a
break higher to start targeting the 6,900 level next.S&P 500
TECHNICAL ANALYSIS – 4 HOUR TIMEFRAMEOn
the 4 hour chart, we have a
downward trendline defining the bearish structure. If the price gets there
again, we can expect the sellers to lean on the trendline with a defined risk
above it to position for a drop into new lows. The buyers, on the other hand,
will look for a break higher to increase the bullish bets into new highs. S&P 500 TECHNICAL
ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, we
have a minor downward trendline defining the bearish momentum on this timeframe.
We can expect the sellers to lean on the trendline with a defined risk above the
major trendline to keep pushing into new lows, while the buyers will look for a
break to target a move above the major trendline. The red lines define the average daily range for today.UPCOMING CATALYSTSToday we get the latest US Jobless Claims figures. Tomorrow, we conclude
the week with the US PCE price index, the University of Michigan Consumer
Sentiment survey and the Job Openings data. As a reminder, the market focus
right now is solely on the US-Iran war, so the data might not matter much.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
Oil prices are spiking due to geopolitical tensions, and here’s why that matters for traders: The S&P 500’s shift back into risk aversion signals a broader market concern, particularly as rising oil prices can squeeze profit margins across various sectors. Traders should be wary of how this affects energy stocks and inflation-sensitive assets. With Iran’s actions in the Strait of Hormuz, we could see volatility in oil futures, which often correlate with equities. Keep an eye on the $80 per barrel mark for crude; a sustained breach could trigger further sell-offs in the S&P 500. On the flip side, if tensions ease or if Trump’s comments about a potential end to conflict gain traction, we might see a quick rebound in risk assets. But for now, the market is reacting to uncertainty, and that could mean more downside risk in the short term. Watch for any news updates that could shift sentiment, particularly around oil supply disruptions or diplomatic developments.
📮 Takeaway
Monitor crude oil prices around $80; a sustained rise could lead to further S&P 500 declines amid heightened geopolitical risks.
