Supreme Court Delays Tariff Ruling, Creating Trade Uncertainty
- Ruling Delay Impact: The U.S. Supreme Court's postponement of the ruling on Trump's tariff policy, originally set for January 9 at 3:00 p.m. UTC, creates significant uncertainty for international trade relations and domestic economic planning, affecting approximately $370 billion in disputed tariffs.
- Complexity of Legal Challenges: This delay allows multiple lower court legal challenges to remain unresolved, with current tariff measures still enforced, leading to planning difficulties for importers and exporters and increased market volatility in affected sectors such as steel, aluminum, and agricultural commodities.
- Historical Context Analysis: The tariff policies implemented by the Trump administration since 2018 have sparked widespread legal challenges, involving $48 billion in steel and aluminum tariffs and $370 billion in tariffs on Chinese goods, with the Supreme Court's ruling poised to have profound implications for future trade law.
- Global Trade Implications: International trading partners are closely monitoring this ruling delay, with retaliatory tariffs from the EU and China still in place, while trade negotiations stall due to a lack of legal clarity, forcing businesses to adapt their supply chain strategies in an uncertain tariff environment.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0687 | 0.0775 | 0.0852 | 0.094 | 0.102 | 0.111 |
| Fibonacci | 0.0687 | 0.075 | 0.0789 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
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