SP500 – Weekly Analysis

SPX is heading into one of the most important weeks of the month with the chart sending mixed — and potentially very consequential — signals. The weekly frame has raised a clear warning, but the daily structure is not confirming a clean bearish breakdown yet. Instead, the market appears to be positioned near a short-term inflection zone, where one or two candles may determine whether the latest weakness becomes a deeper correction or only a temporary pause before another recovery attempt. The timing makes the setup even more important. With the July 29 Fed decision directly ahead and the monthly candle closing shortly after, SPX may be preparing for a move that could align — or sharply divide — the short-, mid-, and long-term outlooks. In this SPX technical analysis, we review the key candle signals, trend shifts, Elliott Wave structure, and broader confirmation from Dow, Nasdaq, and the Bond…