Supreme Court Delays Trump Tariff Ruling, Impacting Over $48 Billion in Trade
- Ruling Delay Impact: The U.S. Supreme Court has indefinitely postponed its ruling on the Trump administration's tariff policy, originally scheduled for January 20, 2025, leaving the legal validity of these tariffs unresolved and reshaping global trade dynamics.
- Market Reaction Volatility: The announcement triggered immediate, albeit measured, reactions in financial markets, with analysts noting that the market's aversion to uncertainty prolongs planning paralysis for thousands of firms, particularly in sectors tied to steel and aluminum imports.
- Far-reaching Economic Effects: U.S. government data indicates that Section 232 tariffs covered over $48 billion in imported goods at their peak, and the delay in ruling prevents a final accounting of these tariffs' economic impacts, potentially resulting in the loss of over 160,000 full-time equivalent jobs.
- Strained International Trade Relations: This delay not only affects the U.S. domestic market but also complicates relationships with key trading partners like the EU, Canada, and Japan, potentially hindering long-term trade agreement negotiations and increasing uncertainty in the global trading system.
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Technical Analysis for EPT
Technical Sentiment Analysis for Balance (EPT) As of , Balance (EPT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for EPT 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, EPT 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 $-.
Balance (EPT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.000367 | 0.0000983 | 0.000437 | 0.000902 | 0.00124 | 0.00171 | 0.00204 |
| Fibonacci | 0.0000983 | 0.000405 | 0.000595 | 0.000902 | 0.00121 | 0.0014 | 0.00171 |
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