It was supposed to be a Tuesday turnaround, wasn’t it? Now the tariff news again?!? Cannot keep up with Trump‘s moves 😂 thanks for another informative article BC! 💕
@Barcode：$SPDR S&P 500 ETF Trust(SPY)$ Turnaround Tuesday⁉️ 📉⚠️🔥 SPY-der Web: Teetering on the Edge While $JPM Holds the Scissors 🔥⚠️📉 🗓️ 09Apr25 🇳🇿🕟 As I sip and splutter on my third latte and dissect the carnage flashing across my trading setup, the $SPY chart now reads like a cautionary tale written in red. The swing was nuts!The post tariff chaos has left the S&P 500 ETF sliding from its intraday high of $524.98, now clinging to $505.50 with all the elegance of a falling knife. The chart is wounded, and bulls are looking to the banks, especially $JPM, to stitch this market back together before it unravels further. 🔍 Chart Overview from 08Apr25 🇺🇸 time • High: $524.98 • Low: $502.04 • Open: $521.94 • Current: $505.50 • Volume: 96.63M • AUM: $521.8B 🧭 Technical Breakdown: The monthly chart shows a sharp rejection from the January peak of $613.23, with the price now slicing below all key EMAs. The MACD histogram is deepening red with a bearish crossover confirmed: • DIF: 35.16 • DEA: 39.79 • MACD Line: -9.2684 This signals bearish momentum gaining steam, supported by a declining ARBR (BR: 96.75, AR: 98.33), highlighting weakening breadth and rising risk. 📊 Key SPY Levels to Watch: • Immediate support: $502.04 • Lower band zone: $495 to $501.23 • Resistance layers above: $507, $512, $513.50 • Mid range cap: $517 (red mid line) • Today’s ceiling: $524.98 🔮 Market Sentiment & Possibilities: “Ideally we can bottom and consolidate in April,” I’ve noted, but this isn’t a market that plays nice. Whether $479.47 was the ultimate low or whether a double bottom is forming remains an open question. Right now, I wouldn’t be surprised if banks bounce on Friday to offer temporary relief, and all eyes are locked on $JPM to lead the charge. Their earnings could dictate where the market goes from here, especially with volatility this elevated. 💼 Enter the Banks: If $JPM delivers a strong earnings beat, it could spark a reflex rally that temporarily stabilises the market. But if they miss or issue cautious guidance, prepare for another leg lower. This is no ordinary report, it’s a market event. ☀️ Summer Rally Still in Sight? 🌞🕶️ It’s not off the table, but it’s slipping. A USA summer rally hinges on a fast recovery above $507 and strong leadership from financials. The bulls need consolidation, a floor, and a catalyst, because without them, momentum is fading fast. 🎯 Trading Game Plan: • A hold above $501.23 invites a short term bounce toward $507 or $512 • A break below $495 opens the trapdoor to $479.47 • Watch $JPM’s earnings Friday. They’re not just a report, they’re a market signal 📢 Don’t miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets 🚀📈 I’m obsessed with hunting down the next big movers and sharing strategies that crush it. Let’s outsmart the market and stack those gains together! 🍀🍀🍀 Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀 @TigerPicks @TigerWire @TigerStars @Tiger_comments Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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