✨️✨️ 🏛 S&P 500 (SPX) ✨️✨️
The U.S. stock index began the week with renewed optimism, reaching a new local high near 5,760 points. However, that enthusiasm faded toward the weekly close, with a technical structure showing lower highs (LH) and lower lows (LL), indicating weakening momentum.
The break of support (BOS) and consolidation below 5,680 points reflect a prevailing bearish bias, despite intraday rebound attempts.
For the upcoming week, the trend remains bearish with decreasing strength. Although technical probabilities suggest the next candle might be bullish, indicators such as the MACD and TAS still show bearish pressure.
A rebound above 5,700 points would be needed to reconsider a reversal; otherwise, the index could target support around 5,600 points, especially if economic cooling signals persist.