SP500 – Daily Analysis

In today’s S&P 500 Technical Analysis, we examine the latest candlestick and momentum signals, assess the strength of the current move, review the competing bullish and bearish Elliott Wave paths, and identify the critical confirmation and invalidation levels that could define the next phase. With several scenarios still active, the next move may offer the clearest indication yet of whether the broader bullish structure remains intact—or is beginning to weaken. CANDLES Four ETFs SPX Apparently, the last week technical stretch has come to fruition. The SPX and other majors, particularly Dow, were not able to move up out of the neutrality, elevating the opposite odds. In the weekly report, I mentioned a possible normalization by a horizontal or slightly downward move. The hypothesis stands. And Dow remains the most vulnerable despite the strength in the Energy sector. The SPX and the broader market is neutral, leaning bearish short term. No…