The Financial Post reports in its Friday, April 25, edition that recent fluctuations in U.S. stocks, driven by President Trump's inconsistent stance on tariffs, have left many on Wall Street frustrated. A Bloomberg dispatch to the Post reports that technical analysts like Daniel Kirsche from Jefferies Financial Group stress the importance of watching key levels on charts, particularly 5,500 for the S&P 500 index. This level would indicate a recovery from half of the 19-per-cent drop since its February peak. After dipping below 5,000 two weeks ago and nearing a bear market, the S&P 500 has rebounded to just over 5,400. Surpassing 5,500 would not only erase most of April's losses but also suggest a shift from selling rallies to buying dips. For traders looking for where another bout of selling may leave the stocks gauge, 4,800 is the level to watch, more than 3.5 per cent below April's year-to-date low. JPMorgan analyst Jason Hunter sees the market as vulnerable to a sell-off in that range, or even reaching as low as 4,500. "We suspect that retest could set a more durable bottom." According to John Kolovos, chief technical strategist at Macro Risk Advisors, 4,800 could be the floor.