Strategists closely monitor whether the S&P 500 index can hold key levels

According to Golden Finance, after Trump implemented tariffs, the S&P 500 index is at a critical technical point, and if it falls, it may face a longer-term decline. On April 3rd, the S&P 500 index reached a correction level around 5500 points during trading. Technical analysts who observe moving averages and other indicators to determine market momentum point out that there are almost no points below this critical psychological position that can attract buying on dips. There is a hint of panic in the air, "said Jay Woods, Chief Global Strategist at Freedom Capital Markets. "Trump and Treasury Secretary Besant tried to promote this trade war to the Americans, but the stock market did not buy it. People were tired of this rhetoric. They did not see what role tariffs could play except that they might plunge the United States into recession. Now they are eager to withdraw funds from the market."