SP500 – Daily Analysis

The mid-term odds won today. No surprises at all. The market followed the roadmap, and now comes the more interesting part: how is it positioning itself ahead of the Fed’s message on rates? In today’s S&P 500 Technical Analysis, we examine the latest candlestick and momentum signals, compare the leading Elliott Wave scenarios, and highlight the key support and resistance levels that could determine what comes next. The key question is whether today’s move simply confirmed the existing bearish pressure—or whether the market is already preparing for a sharp reaction once the Fed puts its cards on the table. CANDLES & TA Four ETFs – 5-Day SPX Today’s preparation for the Fed’s rate announcement was rather straightforward. The daily, 2D, and 8D frames all closed with solid bearish continuation candles, while SPX lost the 50 DMA on the daily frame. Nasdaq also confirmed the 50/100 DMA death cross, the potential…