← Back to blog overview

Pullback likely

'2025-05-30'
Now Playing Pullback likely

The initial euphoria surrounding the court ruling on tariffs being declared illegal gradually faded throughout the session, resulting in a rather unfavorable daily candle, marked by a long rejection wick at the 6000 resistance level. Additionally, the initially green retracement candle from May 28 was revised into a bearish impulse candle following the release of previously missing data. A pullback to the cluster of the major moving averages around 5800 becomes more and more likely or even a retest of the gap at 5700. The situation remains inconclusive; caution is warranted, and the S&P Strategy currently generates no signals.