{"id":439778,"date":"2026-10-09T18:22:07","date_gmt":"2026-10-09T11:22:07","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/sp-500-jumps-as-oil-treasury-yields-and-us-dollar-ease-after-trumps-de-escalation-439778\/"},"modified":"2026-10-09T18:22:07","modified_gmt":"2026-10-09T11:22:07","slug":"sp-500-jumps-as-oil-treasury-yields-and-us-dollar-ease-after-trumps-de-escalation","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/sp-500-jumps-as-oil-treasury-yields-and-us-dollar-ease-after-trumps-de-escalation-439778\/","title":{"rendered":"S&P 500 jumps as oil, Treasury yields and US dollar ease after Trump’s de-escalation"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

The S&P 500 has
\n been under pressure in the last couple of days as geopolitical tensions
\n increased following reports indicating that Trump was weighing strikes against
\n Iran before the midterm elections. <\/p>\n

Yesterday, we saw
\n a rebound after Trump said on Truth Social that the US was having
\n productive discussions with Tehran and would not attack Iran before the midterm
\n elections.<\/p>\n

Markets reacted by unwinding the escalation premium, with oil prices, Treasury
\n yields and the US dollar all falling after Trump’s post, improving the risk
\n sentiment and giving the S&P 500 a boost.<\/p>\n

Looking ahead, Iranian Foreign Minister Araghchi said yesterday that Iran
\n was reviewing US’s latest proposal and expected to reply within the next few
\n days. A positive outcome would be positive for the stock market, as a selloff
\n in oil prices would ease inflation and rate hike concerns. A negative response,
\n however, wouldn\u2019t change much but it could limit the upside momentum.<\/p>\n

Next week, we also have the US CPI report on the agenda that could put downward
\n pressure on the market as traders hedge into the event. Hotter than expected data
\n could trigger a hawkish repricing, and weigh on the S&P 500, while a soft
\n report could lead to a relief rally as the hedges get unwound and rate hike
\n expectations ease. <\/p>\n

\u00a0<\/p>\n

S&P 500 TECHNICAL ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On
\n the daily chart, <\/a>we can see that
\n <\/a>the S&P 500<\/a>(CFD contract) pulled back recently amid renewed geopolitical
\n tensions but has bounced yesterday after Trump ruled out strikes on Iran before
\n the midterms. If the pullback extends, we can expect the buyers to lean on the
\n trendline, with a defined risk below it, to position for a rally into new
\n record highs. The sellers, on the other hand, will want to see the price
\n breaking lower to extend the correction into the 7,500 level next, with the
\n 7,613 level as the first target.<\/p>\n<\/p>\n

S&P 500
\n TECHNICAL ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On
\n the 4 hour chart,<\/a> we can see the
\n price broke above the minor downward trendline that was defining the recent
\n pullback. We can expect the buyers to pile in around these levels, with a
\n defined risk below the broken trendline, to keep targeting new record highs.
\n The sellers, on the other hand, will want to see the price falling back below
\n the broken trendline to extend the drop into the major upward trendline.<\/a><\/p>\n<\/p>\n

S&P 500 TECHNICAL
\n ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, we
\n have a minor resistance zone around the 7,806 level. The sellers will likely
\n step in around the resistance, with a defined risk above it, to position for a
\n drop into the major upward trendline. The buyers, on the other hand, will look
\n for a break higher to increase the bullish bets into new record highs. The red
\n lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a> we conclude the week
\n with the University of Michigan Consumer Sentiment survey, although it\u2019s not
\n expected to be a market-moving release.<\/p>\n

\u00a0<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

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