SP500 – Daily Analysis

In today’s technical analysis, we look past the headlines and examine the latest S&P 500 candles, momentum signals, market structure, and key technical levels to assess the most probable direction and potential targets. The focus is on whether today’s weakness damaged the bullish roadmap — or simply reset the short-term structure before the next move. CANDLES The market delivered a mixed close today. SPX and Nasdaq formed bearish candles, while Dow and Russell closed neutral, leaning bullish. The broader trends are still bullish, but the situation under the hood is far from comfortable. Several indices formed tops on the 4H and larger hourly frames. The majority of sectors are leaning bearish. The main engine — the Magnificent 7 — has come to a halt. Only Tesla closed with a bullish signal today; the other behemoths ended the session bearish. Particularly concerning were the mid-day transformations from bullish to bearish in…