Brace yourself: US major indices are expected to open sharply lower ...Middle East

The day has been known, but with the so-called "Liberatation Day" ahead on April 2 where Pres. Trump's administration will "hit essentially all countries with tariffs" in response to their tariffs, the global markets are bracing for slower growth and lower earnings as a result.

The futures are implying a lower opening across the board. European shares are also lower. The current futures are targeting:

On Friday, the broader indices fell for the third consecutive day. The Dow industrial average has been lower for four consecutive days:

For the trading week, the major indices all fell:

The S&P 500 is set to open below the gap from March 13–14 between 5553.0 and 5566.26. This breakdown weakens the short-term outlook and puts the next key downside target at 5500.

On the upside, resistance now forms around the aforementioned swing area and the 5600 level

The break of support combined with the rejection from key moving averages keeps sellers in control for now.

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