#MarketRebound The stock market is experiencing volatility due to ongoing trade negotiations. Here's an update on today's market rebound:

- *Market Performance*:

- S&P 500 (SPX500/USD) had a previous close price of 5300.60 and a current price of 5117.60, showing a -3.45% change.

- Nasdaq 100 (NAS100/USD) had a previous close price of 18319.60 and a current price of 17640.80, showing a -3.71% change.

- *Market Rebound Drivers*:

- Stocks may rebound if a trade deal is announced, potentially triggering buying and short covering.

- Relief rallies are possible once a deal is announced, but terms could impact market sentiment.

- *Key Resistance Levels*:

- S&P 500: 5,550

- Nasdaq 100: 19,000

- *Economic Data and Events*:

- Today's notable events include EIA Crude Oil Inventories, MBA Mortgage Applications Index, and New Home Sales reports.

- Earnings reports from major companies like AT&T, Boeing, and IBM are also expected ¹ ² ³.

Keep in mind that market predictions are uncertain and subject to change based on various factors, including trade negotiations and economic data releases.