Indices Under Pressure: Key Supports Break Amid Monday’s Market Slide

Hello traders, welcome to Monday. As we dive into the first trading session of the week, we’re met with intriguing movements across the board. Before we jump into the action, let’s quickly look at the calendar, which, as expected for a Monday, is empty. So, let’s focus on what’s happening in the markets.

Indices are leading the narrative today, and it’s not looking good. Both European indices and American futures are dropping sharply. What’s particularly concerning is that American indices, including the S&P 500 and NASDAQ, are breaking below key long-term horizontal supports. This development sets a bearish tone for the mid- to long-term outlook. If buyers don’t step in to reverse this trend later today or tomorrow, it will confirm a strong sell signal and likely accelerate the downside momentum.

On the forex market, we’re seeing a classic flight to safety. Safe haven currencies, such as the Japanese yen, American dollar, and Swiss franc, are gaining ground as risk sentiment deteriorates. In contrast, the British pound remains under heavy pressure, solidifying its position as the weakest major currency of 2025 so far.

The commodities market is offering a mixed bag. Precious metals like gold and silver are struggling to find momentum, weighed down by the stronger dollar. However, oil and natural gas are performing well, maintaining their bullish trends. Agricultural commodities, including corn, soybean, wheat, and coffee, are also climbing higher, signaling renewed interest in this sector.

The spotlight today is firmly on the indices, particularly the S&P 500 and NASDAQ. All eyes will be on these markets to see if the downward pressure continues or if we’ll witness a rebound later this week. The bearish signals on the charts suggest traders should be cautious and ready to adjust strategies based on further developments.

Stay tuned for what promises to be an eventful week, and let’s see if the bearish tone carries over or if buyers can regain control.

Source: https://www.axiory.com/analytics/market-news/indices-under-pressure-key-supports-break-amid-mon