Aftermath of tariff adjustments

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Chapters

• 00:11 Intro – Aftermath of Tariff Adjustments
• 00:21 Fibonacci Analysis SPY
• 00:52 Important support & resistance
• 01:23 Long-term perspective (6-year chart)
• 02:07 Sector analysis with TopScope
• 02:45 Top Performers (1 Month & 3 Months)
• 03:33 Gold, Silver & Miners
• 04:00 Closing & Preview

Quickly to:

• Description
• Technical analysis SPY
• Sector & ETF analysis
• Key points
• Short FAQ

Description

We are looking at the aftermath of the recent tariff adjustment announcements and use the SPY as a reference.
Using Fibonacci retracements and support/resistance levels, we place the movements in a broader technical perspective.
In addition, we analyze via TopScope which sectors and ETFs are performing the strongest.

Technical analysis SPY

• Restore to the 50% level around 547 after the February–April decline.
• 61,8% retracement as a possible next goal; 38,2% level as first support.
• Important resistance around 550, followed by 575, 595 and 610.
• Support zones: 520, 505 and 480 (with 480 as the crucial level).
• Long-term framework: 480 marks the peak of the previous bull cycle (COVID bottom → 2020 high).

Sector & ETF analysis

With TopScope we analyze the SECTOR SPDR ETFs:

• XLU (utilities) and XLP (consumer staples) are positive over 1 and 3 months.
• Best performers 1 month: GOEX (gold explorers), SIL (silver miners), BUG (cybersecurity), HERO (gaming & e-sports).
• Top performers 3 months: GOEX, SIL, HERO, CHIQ (China Consumer), WNDY (Wind Energy).

In uncertain times, investors often look for safe havens such as gold, which also brings gold and silver miners into the spotlight.

Key points: Aftermath of tariff adjustments

• Aftermath of tariff adjustments: news events can have an impact.
• Fibonacci levels provide direction for support and resistance.
• 480 is a crucial long-term level for the SPY.
• Defensive sectors (XLU, XLP) show relative strength.
• Mining and commodity-related stocks are gaining interest.

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Short FAQ