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 bullish continuation — or force a reassessment toward a more defensive scenario. CANDLES Four Futures SPX After closing Monday with predominantly bearish signals that expanded momentum to the 2D frame, the SPX index and other major indices made sizeable bounces. While these moves could start a larger rally, the technical support was rather weak, and I would like to see strong confirmation, preferably tomorrow. At the same time, several larger frames closed with rather neutral candles. There is also no clear consensus among…