SP500 – Weekly Analysis
Up or down? The S&P 500 is approaching a point where the next move may carry far more weight than another routine weekly swing. In this weekly report, we examine the latest signals across multiple timeframes, review the key support and confirmation levels, and outline the scenarios that could define the next major move for the S&P 500. CANDLES SPX delivered a powerful bearish move on Friday, strong enough to form a daily Bearish Kicking on the cash index and a 2D Bearish Engulfing on futures. The weekly candle softened and could still develop into a Hammer if confirmed next week. At the same time, all major trends remain bullish, and SPX formed a 50/100 DMA bullish cross just a few days ago. For now, this points more to the risk of a short-term pullback than to a confirmed larger reversal. The concern rises sharply when we look under the…
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