SP500 – Daily Analysis

SPX attempted to repair the technical damage from yesterday’s selloff, but the key question is whether today’s rebound was strong enough to change the message. With the July monthly close directly ahead, the timing could not be more important. One more daily signal may determine whether the recent volatility was only a temporary shakeout — or the beginning of a broader shift in the SPX roadmap. In today’s S&P 500 technical analysis, we examine the signals that matter most: the health of the rebound, the structures driving the index, and the confirmation levels that could define the next phase. The market tried to recover today. Now the chart needs to prove whether that repair was real — and whether it is enough to protect the monthly close. CANDLES Four ETFs – Monthly SPX From the monthly perspective, Nasdaq is the only major index still close to a potential long-term bearish…