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 ETFs SPX If SPX and the other major indices had closed today at the daily highs, we could be talking about a potential reversal and rally. However, the loss of momentum mid-day helped form rather neutral candles. Neither the bullish nor bearish path was confirmed or rejected. The 2D and 3D frames also closed with neutral candles. Overall, SPX remains neutral in the short term, pending a directional signal,…