SP500 – Daily Analysis

Nothing changed. Every bearish path remains on the table, and the technical guillotine has already released the blade. The only question now is how quickly gravity takes over. In today’s S&P 500 Technical Analysis, we examine the latest momentum structure, critical support and resistance levels, and the competing Elliott Wave scenarios to determine whether the market can still dodge the falling blade—or whether the larger bearish move is finally ready to accelerate. CANDLES & TA Signal Today, my signal went through the 200 DMA like a knife through butter. But looking at the market’s reluctance to give up, I am beginning to wonder whether the administration and financial authorities are going to make it “different this time.” As I said earlier, the closest technical maps remain either March 2020 or the broader 2022 bear market. This assessment stands. Four ETFs SPX The daily close of SPX and the other major…