S&P500 - Bathed in a Sea of Red: Market Turbulence Ahead

8월 5일Futures Meltdown: Sharp Decline


U.S. index futures fell sharply on Monday following downbeat forecasts from Bad earnings in the second quarter and increasing geopolitical tensions.

The S&P 500 dropped sharply as noted last week and continues to trend bearish.

Bullish Scenario:
For a shift to a bullish trend, the price needs to stabilize above 5320, potentially reaching 5372 and 5409.

Bearish Scenario:
If trading continues below 5281, the price is expected to drop to 5168 and 5026.

Key Levels:
- Pivot Line: 5226
- Resistance Levels: 5259, 5320, 5372
- Support Levels: 5192, 5168, 5121

**Today's Expected Trading Range:**
The price is anticipated to fluctuate between the resistance of 5281 and the support of 5121.

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Bathed in a Sea of Red: Market Turbulence Ahead

Asian share markets are experiencing a significant downturn, with investors rapidly exiting riskier positions. The sell-off is widespread, impacting popular trades such as yen carry trades and cryptocurrencies. This sudden rush to liquidate positions has led to increased volatility and reduced market liquidity.

Investors are reportedly closing profitable positions to cover losses in other areas, contributing to the market instability. This dynamic might explain why gold prices have struggled to maintain upward momentum, despite its traditional role as a safe haven during times of market stress.

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