Analysis of the SP500 index

At the economic level

The S&P 500 recorded its biggest daily loss since last December on Monday, turning red for the year so far.

While the defeat that the index faced in February was mainly caused by the wave of uncertainty surrounding Trump's tariff plans.

US stocks fell after President Trump confirmed that he would impose a 25% tax on Canadian and Mexican goods.

Hours before the deadline, Trump dashed investors ' hopes for a last-minute exemption, telling reporters that there was no room left for negotiations.

On the other hand, investors are now waiting for the ADP employment report due on Wednesday and the non-farm payrolls report on Friday for more clues on the Fed's interest rate path.

And at the technical level

The SP500 index is currently trading near the levels of the daily uptrend, which is expected to break and close below and also close the lows of 5770, and then we expect the index to decline more and more under the influence of the negative divergence of the MACD indicator.

We initially target 5680 levels as the first target, then 5360 levels and finally 5000 levels.

This scenario fails if the 6000 levels break back up.