Good morning everyone, and welcome to all who recently joined!
So, things definitely got interesting last week. U.S. equity markets hit new lows for the week on Friday only to rally back hard and close in the green by over 1.5%. So whats’s in the cards for this week? With tariff concerns still out there, it’s tough to say. From the technical side, we should see some higher follow-through building off Friday’s momentum. If the buying is as strong as it was Friday, we could see new highs in the coming weeks. Otherwise, we trade lower to test the next support level at 5,675 on the S&P. Either way, expect more volatility ahead as uncertainty remains high.
Check out this week’s trade ideas.