SP500 – Daily Analysis
SPX barely moved today, while Nasdaq lost 0.7%. Finally time to panic? Probably not. But the market is becoming a little less comfortable—and the candles may have more to say than the headline numbers. In today’s S&P 500 Technical Analysis, we look beneath the surface at the latest candle structure, shifting momentum, and the support/resistance levels that now matter most. Then we return to the competing Elliott Wave scenarios to see whether SPX is still grinding toward another breakout—or quietly tightening the trap while everyone keeps watching the highs. CANDLES & TA Signal The indicator continues to slide with no sign of a reversal. The blue-over-green crossover, which I estimate could occur within the next two days, would materially narrow the historical comparison set. If that crossover is confirmed, the 2023 and 2025 market declines would effectively drop off the technical table, leaving 2018, 2020, and 2022 as the closest…
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