Key Factors Contributing to the Sell-Off

HarmonicPatterns

Hello everyone! Today i want to share some technical analysis with you!

1.

The stock market took a hit today, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all experiencing losses. The main culprits behind this sell-off were geopolitical tensions and a strike by the U.S. port workers.

*Key Factors Contributing to the Sell-Off:*

-Geopolitical Tensions: Iran's missile attack on Israel sparked concerns, leading to a flight towards safer assets like the U.S. dollar, gold, and Treasuries.

-U.S. Port Strike: The strike on the East Coast affected shipping activity, retail, and industries reliant on imports from Europe, causing worries about goods inflation and supply chain disruptions.

-Weak Manufacturing Data: The ISM Manufacturing PMI reading of 47.2% indicated continued contraction in the manufacturing sector. $SPDR S&P 500 ETF Trust(SPY)$ , $Invesco QQQ(QQQ)$ , $DJIA(.DJI)$

A potential shark pattern developing on $Cboe Volatility Index(VIX)$ could indeed signal more volatility in the market.

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https://x.com/AltcoinGem/status/1841276145288781963

Monetary policy, various types of price indices... Here is everything about the macro economy!

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The main culprits behind this sell-off were geopolitical tensions and a strike by the U.S. port workers. </p><p>*Key Factors Contributing to the Sell-Off:* </p><p><strong>-Geopolitical Tensions</strong>: Iran's missile attack on Israel sparked concerns, leading to a flight towards safer assets like the U.S. dollar, gold, and Treasuries.</p><p><strong>-U.S. Port Strike</strong>: The strike on the East Coast affected shipping activity, retail, and industries reliant on imports from Europe, causing worries about goods inflation and supply chain disruptions.</p><p>-Weak Manufacturing Data: The ISM Manufacturing PMI reading of 47.2% indicated continued contraction in the manufacturing sector. <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> ,  <a data-mention-id=\"QQQ\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> , <a data-mention-id=\".DJI\" class=\"teditor-mention\" data-mention-name=\"DJIA\" href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a> </p><p>A potential shark pattern developing on  <a data-mention-id=\"VIX\" class=\"teditor-mention\" data-mention-name=\"Cboe Volatility Index\" href=\"https://ttm.financial/S/VIX\">$Cboe Volatility Index(VIX)$</a>  could indeed signal more volatility in the market.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/86733bc1105fe9c173f8ad63d9246fda\" tg-width=\"866\" tg-height=\"1200\"></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://x.com/AltcoinGem/status/1841276145288781963</p></body></html>","htmlText":"<html><head></head><body><p>Hello everyone! Today i want to share some technical analysis with you!</p><p></p><p>1.</p><p>The stock market took a hit today, with the S&amp;P 500, Dow Jones Industrial Average, and Nasdaq Composite all experiencing losses. The main culprits behind this sell-off were geopolitical tensions and a strike by the U.S. port workers. </p><p>*Key Factors Contributing to the Sell-Off:* </p><p><strong>-Geopolitical Tensions</strong>: Iran's missile attack on Israel sparked concerns, leading to a flight towards safer assets like the U.S. dollar, gold, and Treasuries.</p><p><strong>-U.S. Port Strike</strong>: The strike on the East Coast affected shipping activity, retail, and industries reliant on imports from Europe, causing worries about goods inflation and supply chain disruptions.</p><p>-Weak Manufacturing Data: The ISM Manufacturing PMI reading of 47.2% indicated continued contraction in the manufacturing sector. <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> ,  <a data-mention-id=\"QQQ\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> , <a data-mention-id=\".DJI\" class=\"teditor-mention\" data-mention-name=\"DJIA\" href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a> </p><p>A potential shark pattern developing on  <a data-mention-id=\"VIX\" class=\"teditor-mention\" data-mention-name=\"Cboe Volatility Index\" href=\"https://ttm.financial/S/VIX\">$Cboe Volatility Index(VIX)$</a>  could indeed signal more volatility in the market.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/86733bc1105fe9c173f8ad63d9246fda\" tg-width=\"866\" tg-height=\"1200\"></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://x.com/AltcoinGem/status/1841276145288781963</p></body></html>","text":"Hello everyone! Today i want to share some technical analysis with you! 1. The stock market took a hit today, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all experiencing losses. The main culprits behind this sell-off were geopolitical tensions and a strike by the U.S. port workers. *Key Factors Contributing to the Sell-Off:* -Geopolitical Tensions: Iran's missile attack on Israel sparked concerns, leading to a flight towards safer assets like the U.S. dollar, gold, and Treasuries. -U.S. Port Strike: The strike on the East Coast affected shipping activity, retail, and industries reliant on imports from Europe, causing worries about goods inflation and supply chain disruptions. -Weak Manufacturing Data: The ISM Manufacturing PMI reading of 47.2% indicated continued contraction in the manufacturing sector. $SPDR S&P 500 ETF Trust(SPY)$ , $Invesco QQQ(QQQ)$ , $DJIA(.DJI)$ A potential shark pattern developing on $Cboe Volatility Index(VIX)$ could indeed signal more volatility in the market. 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