China to Impose Tariffs of 34% on All US Goods from April 10
China to Impose 34% Tariff on All U.S. Imports Starting From April 10, 12:01 pm. US Stock Index Futures Extend Losses After China to Impose Additional 34% Tariffs of on U.S. Goods.U.S. S&P 500 E-Minis Down 1.52%, Nasdaq 100 E-Minis Down 1.56%, Dow E-Minis Down 1.66%.Big tech stocks sank in premarket trading. Tesla fell 4%; Apple fell 3%; Nvidia fell 2%.
The bearish crossover between the 20-day and 50-day moving averages (DMAs) has been confirmed.Price action today reached two key levels mentioned over the weekend:ℹ️50DMA: Encountered resistance at this level.ℹ️$5119: Still acting as resistance.The indecision candle at a confluence of resistance levels is something to be careful about.A free/open post for everyone covering more details for $S&P 500(.SPX)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Tesla Motors(TSLA)$ $Meta Platforms, Inc.(META)$ will be published today in Substack. Imagehttps://twitter.com/SmartReversals/status/17
Nvidia Sheds $128 Billion in Market Cap, Its Largest on Record
Nvidia shed $128 billion in market cap on Friday, the largest drop on record for the company.Nvidia helped push the S&P 500 to a new record close Thursday.Shares of the semiconductor maker fell 5.6% t