3 min readS&P 500 (SDX):
Following Deepseek’s announcement, global markets, and particularly the S&P 500, experienced a significant sell-off. The index is currently down over 2% for the day, trading just above the critical $6,000 price level.
A closer look at the technicals reveals that the price has tapped into a lower demand zone, serving as internal support. This aligns perfectly with the break-and-retest of the descending trend line. Additionally, on the higher time frame, the price has rebalanced, tapping into the 50% level on the Fibonacci tool. I’ll be monitoring closely to see if the price action can hold at this level or if it breaks down further, leading to continued downside movement.
Author
Risk Disclaimer Disclaimer: The information provided does not constitute, in any way, a solicitation or inducement to buy or sell any of our products.
Any material presented under this section of our website is not intended and should not be considered investment research or investment advice. Any Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. The recipient acknowledges that he/she is solely responsible for any trading decisions taken.
Risk warning: Our products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. These products are not suitable for all investors. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. If you do not understand the risks involved, or if you have any questions regarding our products, you should seek independent financial and/or legal advice if necessary. Past performance of a financial product does not prejudge in any way their future performance.
