SP500 – Daily Analysis

A little red on the S&P 500 today. Nothing dramatic. Perhaps the bulls are simply catching their breath before charging toward the next rally? Or perhaps the market is trying to tell us something the bulls would rather not hear. After all, not every pullback is a buying opportunity, and not every rally is the beginning of something beautiful. Just ask Nvidia. A few months ago, someone insisted that a 5% pullback was almost unthinkable. Well… NVDA is down 38% in just one month. So, is SPX simply recharging its batteries, or are storm clouds gathering over the broader market? Let’s see what the charts have to say! CANDLES & TA Signal The signal continued to decline today, likely posting its largest single-day drop in the past month. All previous evaluations and historical references remain intact. The chart speaks for itself. No further comments needed. SPX Candles DIA and IWM…