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 After today’s session, the major indices became increasingly misaligned. SPX and Nasdaq formed bullish continuation signals, while the Dow continued to consolidate horizontally without confirming either the bullish or bearish path. Russell pushed higher, but the last two candles were red, and the move still lacks the kind of clean momentum that would signal a strong breakout. SPX remains bullish in the short and mid term, supported by the latest continuation signal. At the same time,…