Open: $544.05 | Close: $539.12 | Change: -0.97% | Volume: 68M
Trump’s tariff exemptions on electronics (smartphones, laptops, chips) sparked early enthusiasm—but bulls couldn’t hold the highs. Tech opened strong, but profit-taking capped the move.

🔍 Narrative: Relief on hardware imports cheered Apple, Nvidia, and AMD, but broader market sentiment stayed cautious.

Open: $539.68 | Close: $537.61 | Change: -0.28% | Volume: 56.9M
A day of sideways action as traders waited for more clarity on policy. No major headlines = no direction.

🧘 Narrative: Low volume, low conviction. A breather after Monday’s tariff headline.

Open: $531.68 | Close: $525.66 | Change: -2.22% | Volume: 83.5M
The U.S. hit China with new semiconductor export restrictions—and the market felt it. Nvidia and other chipmakers sank. Panic? No. But tension? Definitely.

💥 Narrative: From “tech relief” to “tech panic” in 48 hours. The rally fades, the risk returns.

Open: $527.64 | Close: $526.41 | Change: +0.14% | Volume: 79.8M
Markets tried to stabilize. UnitedHealth missed earnings and guided lower, dragging healthcare. But dip-buyers helped keep the SPY in the green.

🧾 Narrative: A mixed day—earnings jitters met with bargain hunting. Still fragile.

The VIX, which as we know indicates volatility, dropped sharply after peaking at 56. This aligns with the SPY, which has been moving sideways for several days amid mixed expectations and a constant barrage of conflicting news. We'll see where SPY heads this week, but one thing's clear: sooner or later, it'll have to make a decisive move in one direction.

I'd personally like to see it at least touch the 200-day moving average (white line on the chart), but nothing's certain yet. It seems there's consistent buying whenever it approaches around $525. At this point, the only thing that might trigger a bullish move would be positive news—perhaps a deal between Ukraine and Russia, or a trade agreement involving the US, China, or Europe.

For now, we're on standby. On a side note, TSLA's earnings report could influence market sentiment, especially if there's no significant political or economic news to overshadow it.