The Trust Layer for Market Analysts

The market is currently at key resistance levels across multiple indices including NASDAQ futures (NQ1!), S&P 500 futures (ES1!), NASDAQ 100 (US100), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust (QQQ). The speaker highlights that previous gaps have been filled and prices have hit the 21-day Exponential Moving Average (EMA), indicating potential rejection points rather than a sustained bullish momentum. He identifies a pattern similar to previous tariff-related market movements, where prices rose to fill gaps before encountering resistance. For NQ1!, the target is 24500; for ES1!, around 6750; for US100, around 24900; for SPY, 670; and for QQQ, 603. The overall sentiment is bearish, with a strong possibility of rejection from current levels and a move towards these lower targets. He advises caution against overly bullish sentiment, as current price action suggests a liquidity grab to fill gaps before a potential downward move.