SP500 – Daily Analysis

Post-FOMC candle signals are always informative—and usually entertaining. A green night followed by a red day is starting to look like a pattern of its own. 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 now is whether today’s move simply reinforced the existing bearish pressure—or whether the market is setting up for another sharp swing as it digests the Fed’s message. CANDLES & TA Four ETFs – Daily SPX No surprises in the candlestick department today. Following yesterday’s bearish close, today’s daily candle added another bearish continuation signal. Even Nasdaq finished with a slightly more bearish than bullish tone. Dow slipped below the 100 DMA, while SPX confirmed the loss of the 50 DMA. More importantly, there is still no reliable…