Today’s U.S. Stock Market Analysis

Clear recommendation: In the short term, lean toward shorting. Take small short positions at high levels to test; before non-farm payrolls, don’t chase longs—only trade on pullbacks.

Core basis
Index retreat from highs: The S&P 500 fell 0.38%, the NASDAQ fell 0.13%, and Philadelphia Semiconductor plunged 2.72%. At high levels, volume surged but the rally stalled; selling pressure on the tape intensified.
Technical breakdown signals: After the NASDAQ surged to 26,036 points intraday, it pulled back and closed at 25,806 points. The prominent long upper shadow is clear, showing that upward momentum from the bulls has weakened and is running out.
Market sentiment turns cautious: Bullish sentiment in the options market cools. Goldman Sachs warns about the risk of irrationally chasing rallies. Overvalued sectors such as chips and AI computing power continue to weaken.
Geopolitical + data dual pressure: Geopolitical developments keep shifting, and oil prices fluctuate. Combined with the uncertainty of tonight’s non-farm payroll data, overall risk appetite is hard to restore.

Operation suggestions
Short: For the S&P 500, lightly try short positions in the 7,350-7,380 range; for the NASDAQ, in the 25,900-26,000 range. Place the stop-loss above the intraday high. For targets, look first at the 7,300/25,500 support levels.
Long: Do not actively go long for now. Only when the pullback reaches strong support and a stabilization signal appears, take a small-position rebound trade—move fast in and out.
Positioning: Keep overall exposure within 30%. Reduce positions further before the non-farm payroll data release to avoid the risk of a data shock. #Gate广场五月交易分享 $BTC #比特币跌破8万美元 $BTC $ETH