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S+P 500 futures feeling the heat- rebound correction over?

The European stock market opening has seen markets reeling and of course this is all about the 25% Trump auto tariff and the impact that is having across the wider markets. We have seen how the DAX has opened sharply lower and fallen below the 22,500 handle this morning and that has not been lost on the US equity futures. Granted the S+P 500 did not fare as badly as the Nasdaq 100 last night into the close, but it still fell back below any possible support at 5,750. The index closed 64.45 points lower, at 5,712.20, after hitting a session low at 5,694.41. Earlier this morning the S+P futures were trying to rebound, but that seems to have been thwarted since the European opening a short while ago. The rebound close to 5,800 earlier this week was always corrective and not dynamic, as mentioned many times in recent days. The question now; has this latest news brought that correction to an end? Well, it could be and it would be no surprise here if it was and the reader is reminded of the two part update posted on Tuesday. Please refer back to that, if you want reminding. The S+P 500 is right now priced to reopen around 5,702

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