S&P 500 Index futures reversed from the 6,074.75 swing high and are holding near 5,978.00. The 200-day SMA at 5,904.90 is first key support, followed by 5,756.50. Resistance remains firm at the 6,236.50 February high.
Nasdaq 100 Index futures dropped from the 22,106.00 recent peak and are testing 21,625.25. Immediate support stands at 20,872.49 (200-day SMA), with a deeper floor near 20,727.00. The critical resistance ceiling is unchanged at 22,656.75.
Dow Jones Index futures rejected at 43,200 and have pulled back to 42,477. The 50-day SMA at 41,283.90 offers the first line of defense, while the 200-day SMA at 43,134 continues to cap upward momentum. A decisive move above 43,200 would be needed to retest 45,554 highs.
Flight to Safety Dominates Risk Landscape
Markets are under pressure amid escalating Middle East conflict, with safe-haven flows dominating early action. Today’s consumer sentiment data offers the only major economic catalyst, but geopolitical developments will remain the primary driver. Volatility is expected to stay elevated as traders assess the potential for wider regional escalation and implications for oil, inflation, and Fed policy.
