SP500 – Daily Analysis

Today’s session brought a meaningful relief. SPX did not make a new lower low before reclaiming the October 8 low, which means the clean bearish impulse we were watching did not complete as previously outlined. That matters. But relief does not mean clarity. Instead, today’s move opened three viable paths, each with very different implications and target zones. Some are relatively benign. Others are not. In today’s update, we will break down all three scenarios, map the targets for each, and review the probabilities to see which path is beginning to demand the most respect. CANDLES & TA Signal Despite another broader market bounce today, my indicator continues to slide with no sign of a reversal. All previous assessments remain intact. The 2023 and 2025 decline paths can now be viewed as less probable, while 2018, 2020, and 2022 continue to move higher on the list of relevant historical analogs….