S&P500，DJT，TSLA Price Analysis Today

Alright folks, here’s the scoop on what went down on Monday, July 15th. Fed Chair Powell’s dovish comments boosted rate cut expectations, coupled with the surge in Trump-related stocks, driving the US markets higher. The Dow even hit a record high.

On the macro side,

Fed Chair Powell said that the Q2 economic data has made policymakers more confident that inflation can sustainably reach the 2% target. He also mentioned that waiting until inflation hits 2% before cutting rates would be too late.

Another Fed official, Goolsbee, bluntly stated that rate cuts will soon be warranted.

Technically sp500 stock price is currently in a short-term pullback within an overall uptrend. History shows that when the KDJ indicator set to 13 hits the overbought zone around 80 and forms a death cross, it signals the start of a pullback. Right now, prices are in a sideways area. If the price breaks below thisarea, the next support to watch is around the previous high at 5500. If it breaks above, it indicates the end of the pullback and the start of a new short-term uptrend, reducing overall market risk.

On individual stocks,

Trump-related stocks are in the spotlight.

On July 15th, the 2024 Republican National Convention kicked off, officially nominating Trump as the GOP presidential candidate. Trump announced J.D. Vance as his vice-presidential pick.

I expect Trump-related stocks to remain active this week, but investors should manage their risks.

Technically, Trump Media & Technology Group’s stock is still trading within a large volatility range. For such volatile stocks , a short-term trading strategy might be more appropriate. Currently, the price is moving from the lower edge to the upper edge of this box range. Yesterday，a gap up bearish candle with heavy volume indicates that a lot of shares were traded within this day. If the price continues to break above the high price of this candle, the probability of further upward movement is high. However, if it breaks down, the selling pressure could be significant.

Alright folks, let’s break down Tesla’s technical chart. After completing that head-and-shoulders bottom reversal pattern, Tesla’s price is on an uptrend. But last Thursday, we saw a high-volume bearish candlestick that kicked off a pullback. We actually mentioned in last Tuesday’s video that short-term upward momentum was weakening, so Thursday’s move really confirmed our analysis. What’s next? The price will likely keep trading within the range of that high-volume candlestick. If it breaks below this range, we could see a deeper pullback. For those thinking about tradingin the short term, I’d recommend waiting for a clear signal that the pullback has ended. We’ll keep tracking this closely, so stay tuned.