The beginning of the new month brought a deepening decline in the stock market. However, it should be noted that the contract based on the S&P500 (US500) has reached a key medium-term support level where buyers have appeared. We are talking about the level of 4235 points, which results not only from the upper limit of the upward channel but also from the broad geometry of 1:1. If this support is successfully defended, according to the Overbalance methodology, it will be possible to generate another upward wave. Otherwise, a price breakdown below this point may trigger a stronger downward move and even lead to a change in trend to a bearish one.
Source: xStation 5
Looking at a shorter time frame - H1, the index remains in a downward trend. The key short-term resistance is currently the tested zone around 4280 points. If it were to be surpassed, the next significant level would be 4330 points, which corresponds to the previous upward correction. If that too was surpassed, the next resistance falls around 4365 points, resulting from earlier local peaks and measuring 38.2% of the last downward wave. It seems that only its negation could lead to a change in sentiment to bullish.
Source: xStation 5
Three Markets to Watch in the Week Ahead (03.04.2026)
Daily Summary: A Lull in the Pre-Holiday Calm
Market wrap 📌US indices in focus amid strong NFP data and $100 oil
DAX down 12% from all-time high 🚩Watch this 2 stocks in April
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
