Ming Jong Tey
Independent Analyst
The increasing volatility and volume in S&P 500 could cause further weakness to test the immediate support zone. Watch the video below to find out how to use the Wyckoff method to anticipate the price action and the potential price target before it happens in S&P 500.
The bullish setup vs. the bearish setup is 342 to 145 from the screenshot of my stock screener below suggested still a positive market environment.
However, the frequent failure of the breakout trade setups in last week should remind us on the increasing of the market volatility. It is time to be defensive with smaller size based on conservative risk management and lock in the profit for existing positions.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD keeps the range bound trade near 1.1350
After bottoming near the 1.1300 level, EUR/USD has regained upward momentum, pushing toward the 1.1350 zone following the US Dollar’s vacillating price action. Meanwhile, market participants remain closely tuned to developments in the US-China trade war.
GBP/USD still well bid, still focused on 1.3200
The Greenback's current flattish stance lends extra support to GBP/USD, pushing the pair back to around the 1.3200 level as it reaches multi-day highs amid improved risk sentiment on Monday.
Gold trades with marked losses near $3,200
Gold seems to have met some daily contention around the $3,200 zone on Monday, coming under renewed downside pressure after hitting record highs near $3,250 earlier in the day, always amid alleviated trade concerns. Declining US yields, in the meantime, should keep the downside contained somehow.
Six Fundamentals for the Week: Tariffs, US Retail Sales and ECB stand out Premium
"Nobody is off the hook" – these words by US President Donald Trump keep markets focused on tariff policy. However, some hard data and the European Central Bank (ECB) decision will also keep things busy ahead of Good Friday.
Is a recession looming?
Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.