SP500 – Daily Analysis

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 SPX While SPX closed today with generally bullish candles and held major support, the signals were not particularly strong from a technical perspective. This modest concern becomes more important when we look at the daily closes across the other major indices. Nasdaq again fell below the 8, 20, and 50 DMA with a strong Bearish Engulfing, while Dow and Russell were unable to fully recover…