Trade Alert (3.22.2018) #StockMarket #TradeWar #GlobalSelloff

Markets worldwide are under pressure due to the developing trade war. China strikes back with tariffs and we have further White House shakeups ahead of key talks with North Korea.

USA Index Futures (11:00pm PST):

DOW down -178 points (-0.74%) at 23,785

S&P 500 down -16.75 points (-0.63%) at 2,626.50

NASDAQ down 67.75 points (-1.01%) at 6,624.25

Europe Futures (11:00pm PST):

FTSE down -0.88%

CAC down -1.39%

DAX down -1.82%

Asia Open Markets (11:00pm PST):

HSI down -3.23%

Shanghai down -3.87%

Nifty down -1.40%

Sensex down -1.37%

CSI 300 down -3.84%

STI down -2.48%

Key S&P 500 technical levels:

2,872 (all time high)

2,532 (recent low)

2,662 (midpoint regression broke today)

2,612 (light support)

2,584 (200 day moving average)

Right now the S&P 500 futures are at 2,626.50 and tomorrow we need to hold 2,612 otherwise we will see further downside into next week to retest the 200 day moving average and the February lows.