SP500 – Daily Analysis

In today’s S&P 500 technical analysis, we look beyond the headlines and focus on the signals that matter most now: candle structure, momentum changes, Elliott Wave paths, and the key levels that could confirm or reject the next phase of the SPX roadmap. The goal is to assess the health of the current decline, identify the most important technical structures driving the index, and define the conditions that could still support bullish continuation — or force a reassessment toward a more cautious market outlook. CANDLES Four ETFs SPX Among the four major indices, only Nasdaq formed bearish signals today. The combined signals from SPX, Dow, and Russell were closer to neutral, neither confirming nor rejecting either potential path. ES futures formed another Inside / Harami candle within Thursday’s range and produced a similar combination on the 2D frame. It looks like we may need another two days for this uncertainty…