SPX500|AI Weakness and Hormuz Tensions Keep Pressure on EquitiesUS SPX 500OANDA:SPX500USDSroshMayiSPX500 | AI Weakness and Hormuz Tensions Keep Pressure on Equities U.S. stock futures traded lower in early European hours as technology stocks came under renewed pressure following Samsung Electronics' earnings report. Despite reporting a 19-fold increase in quarterly profit, Samsung shares declined, fueling concerns that the AI-driven semiconductor rally may be losing momentum. At the same time, geopolitical tensions escalated after Iran's Islamic Revolutionary Guard Corps reportedly launched missiles at two commercial vessels near the Strait of Hormuz, pushing oil prices higher and increasing market uncertainty. Investors are also awaiting the release of the FOMC Meeting Minutes, which could provide further insight into the Federal Reserve's policy outlook. Additionally, global leaders are gathering in Ankara for the NATO summit, where defense spending discussions could influence market sentiment. Technical Analysis SPX500 remains under bearish pressure while trading below 7552. As long as the index remains below this level, sellers are likely to target 7520, with a break lower exposing the next support zone around 7470 - 7440. However, if the price stabilizes above 7552, bullish momentum could return toward 7575, while a stronger breakout would open the way toward 7622. Support: 7520 - 7470 - 7440 Resistance: 7575 - 7622