SP500 – Daily Analysis
A “sudden” drop minutes before the close was not really that sudden. Things have been “rotten in the state of Denmark” for some time, and our reports have consistently highlighted different signs of deterioration beneath the surface. Today, we will focus on a few important details from the September close and leave the broader discussion for the weekend. In today’s S&P 500 Technical Analysis, we examine the latest momentum structure, key support and resistance levels, and the competing Elliott Wave scenarios to understand what the market may be setting up next. CANDLES & TA Signal Today, my signal stopped just a few points above the 200 DMA, which will very likely be crossed tomorrow—something that has not happened since a brief episode in March 2025. However, as I said earlier, the closest technical maps remain either March 2020 or the broader 2022 bear market. Four ETFs SPX The daily close…
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