$SPX SPX (4H) Market Update 📉
$SPX remains under strong selling pressure on the 4H timeframe, with price trading below the MA(7), MA(25), and MA(99), indicating a clear downtrend. Recent candles show lower highs and lower lows, while buyers are struggling to reclaim key resistance zones.
The current support sits around $0.291, and a breakdown below this level could open the door for further downside. For bulls to regain momentum, price needs to reclaim the $0.307–$0.322 area and hold above it with strong volume.
Sentiment: 🔴 Bearish
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