Markets Brace for Volatility Ahead of Tariff ‘Liberation Day

Morning Express

/ by Blue Line Futures

Markets Brace for Volatility Ahead of Tariff 'Liberation Day

E-mini S&P (June) / E-mini NQ (June)

S&P, last week’s close: Settled at 5623.00, down 116.25 on Friday and 95.25 on the week

NQ, last week’s close: Settled at 19,457.00, down 533.25 on Friday and 504.00 on the week

E-mini S&P and E-mini NQ futures closed sharply lower Friday. Core PCE, the Fed’s preferred inflation indicator, came in a touch warmer than expected, and Michigan Consumer data showed higher inflation expectations and deteriorating confidence. This stagflationary stew smacked the market while it was already hobbling, and had surrendered much of the week’s gains through the prior two sessions. Adding fuel to the fire, President Trump made firm geopolitical comments towards Iran and Russia over the weekend. This morning, we are seeing S&P targets from Goldman, JPMorga,n and Morgan Stanley all get slashed to 5700, 5500, and 5800, respectively. All of this comes ahead of April 2nd, which Trump has coined ‘Liberation Day’, where he plans to unveil a broad set of tariff measures.

Price action is battered, E-mini S&P futures briefly slipped below the March 13th low, whereas the E-mini NQ opened last night below there and has not regained the mark. Given Friday’s late selling, the news cycle, and the likely panic this morning after the opening bell, traders should plan for a new session low and use the updated support levels to manage a choppy trade. Our Pivot and point of balance comes in at 5578.25 in the E-mini S&P and 19,249-19,319 in the E-mini NQ. If price action regains this mark and can hold above it, it could pave the way for a bit of a rebound that could extend to resistance aligning with Friday’s settlement prices. With that said, uncertainties have bombarded the market ahead of the April 2nd tariff announcement, and one scenario would be to see continued selling through this announcement, allowing the market to quickly discount the worst-case scenario before economic data later this week is not as pessimistic as that from last week. We have had rare major four-star support in the E-mini S&P at….

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Futures trading involves a substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy, and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third-party application. Blue Line Futures employees use only firm-authorized email addresses and phone numbers. If you are contacted by any person and want to confirm your identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500

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