📉 Are We Near a Turning Point? The Market Reacts to Trump Tariffs
The financial markets have had a rocky start to 2025 — and now, all eyes are on one key level of support.
In the wake of Donald Trump’s return to tariff-based economic policies, we’ve seen sharp selloffs in global equities. The NASDAQ 100, in particular, has shed more than 15% year-to-date, with broader risk-off sentiment gripping the markets. Tech stocks have led the decline, given their sensitivity to global supply chains and investor sentiment.
But now we’re at an interesting juncture.
📊 In the chart below, you’ll see that the NASDAQ has reached a critical confluence zone: an area where past resistance (from late 2021) has now become current support. This level also aligns with the bottom of a longer-term bullish channel that’s held for over five years.
This setup doesn’t guarantee a reversal — but it’s the kind of structure technical traders look for when considering potential relief rallies. With the U.S. dollar weakening, gold surging over 30% YTD, and EUR/USD climbing more than 11% this year, we are clearly in a highly reactive macro environment.
Here’s a quick performance snapshot of key assets this year (as of April 22, 2025):
- S&P 500: –12.0% YTD
- NASDAQ 100: –15.25% YTD
- DXY (US Dollar Index): –9.59% YTD
- EUR/USD: +11.16% YTD
- Bitcoin: –6.3% YTD
- Gold: +33% YTD
🧠What to Watch
Markets often overreact to policy shocks before recalibrating. Whether this is the start of a broader bear phase or simply a correction before a bounce remains to be seen — but one thing is clear: volatility is back, and opportunity often follows.
I'll continue monitoring this area closely. If a relief rally develops, it could open up short-term trading setups with strong risk-reward potential.
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🧠Need help navigating this market?
I offer real-time analysis, mentoring, and access to my automated systems via tiankriek.com. If you're not already plugged in, let’s connect.
Stay sharp and stay safe,
Tian Kriek
Market Analyst & Trading Mentor