Jin10 data reported on April 3 that technical analysts indicated the S&P 500 index opened with a drop of over 3%, currently around the correction level of 5500 points. If this trend continues, there are almost no levels below this critical psychological threshold that would attract investors to Buy the Dips. Jay Woods, Chief Global Strategist at a free Capital Market, stated that Trump and Bessent are trying to get Americans to accept this trade war, but the stock market is not buying it. People are tired of this rhetoric; they see no effect from tariffs other than potentially pushing the U.S. into recession, and they are now eager to pull funds out of the market. If the S&P 500 index fails to stabilize near 5500 points, it may fall to the range of 4900-5300 points.
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