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.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
