U.S. equity futures moved lower ahead of the opening bell as investors reacted to escalating geopolitical tensions in the Middle East. Continued military activity involving the U.S. and Iran, along with reports of disruptions to oil shipments in the Red Sea, drove crude oil prices sharply higher and increased overall market uncertainty.
Despite these developments, our technical analysis had already identified a bearish market structure before today's news. The current price action is following our projected path rather than being solely driven by the headlines. As expected, price reacted from a strong support level, producing a short-term relief bounce. However, this bounce does not change the overall market structure.
The broader trend remains bearish, and we continue to expect price to move lower toward the POI (Point of Interest) Box highlighted on our chart. The recent recovery is viewed as a technical reaction from support, not a confirmed trend reversal.
Bias: Bearish 📉
Expected Path: Short-term bounce from strong support → continuation lower toward the POI Box.
Disclaimer
Educational example only. Signals are not financial advice; trade at your own risk.