S&P500 Bearish Strengthens Amid US-China Tech War EscalationUS SPX 500OANDA:SPX500USDSroshMayiMarket Overview: US-China Tech War Intensifies Amid Global Market Decline European and Global Market Outlook – February 25, 2025 A wave of risk sentiment is sweeping across Asian markets as tensions between the United States and China escalate. The U.S. has intensified its technology war with China, targeting sectors including artificial intelligence, quantum computing, and aerospace. This geopolitical pressure is contributing to a broad risk-off sentiment across global financial markets. S&P 500 Technical Analysis The S&P 500 has confirmed its bearish momentum, despite cutting 2.3% since Last Friday as we mentioned, with the price stabilizing below the 6,010 level, reinforcing the likelihood of testing 5,979. A confirmed 4H or 1H candle close below 5,979 would validate a further bearish extension toward 5,920. Bullish Reversal Scenario: For the S&P 500 to shift towards a bullish structure, it must reclaim and break above the pivot zone (6,010 - 6,031). A successful breakout above this range could lead the index toward 6,068 and 6,102. Key Levels to Watch: Resistance: 6031 | 6068 | 6102 Pivot Zone: 6010 Support: 5979 | 5952 | 5920 Directional Bias: Bearish – The trend remains downward as long as the price continues to trade below 6,010. Breaking below 5,979 will open the door for further declines toward 5,920. ⚠️ Market Outlook: Geopolitical tensions between the U.S. and China could further fuel volatility in equity markets, with investors remaining cautious in response to ongoing economic and technological disputes.