Yields dipped yesterday following President Trump’s address to the US. In his speech, Trump announced: “warrior dividend” to be paid to active military personnel worth $1,776, costing White House $2.6 billion. He stated he inherited a mess from Democrats and promised era of economic prosperity in 2026, marking 250 years since US independence. Trump also promised aggressive housing reforms in 2026 to make housing affordable for young Americans again. Today’s inflation data will act as volatility catalyst for markets, which have been beaten down significantly this past week.
Key Levels: Support at 6,666.50 | Resistance at 6,805.20
Investor Takeaway: The S&P broke below S1 with volatility expected today; RSI at 32 near oversold levels below MA line, MACD shows bearish momentum but reversal on the cards.
