SP500 – Daily Analysis

Today, the S&P 500 dropped sharply, likely reflecting even stronger pressure from Nasdaq. But what is this move — final capitulation, or do bulls still have a chance to rescue the structure? In today’s technical analysis, we look past the headlines and focus on the signals that matter most now: candle structure, momentum shifts, Elliott Wave paths, and the key levels that could confirm or reject the next phase of the roadmap. The goal is to evaluate the health of the current decline, identify the most important technical structures driving SPX, and define the conditions that could still support a bullish continuation — or force a reassessment toward a more defensive scenario. CANDLES Four ETF – Daily Four Futures – 3-Day Today, all four major indices dropped sharply. Nasdaq led the decline, losing the 8, 20, and 50 DMA. Russell lost the 20 EMA. Dow lost the 8 EMA. SPX…