The S&P 500 monthly chart shows a strong long-term uptrend with a recent sharp pullback after reaching a new high. The large blue arrows highlight key support levels, notably around the 4,700 area, which aligns with previous resistance-turned-support from late 2021. The trendline from previous highs suggests a long-term rising channel, but the recent candle indicates significant selling pressure. If the price holds above the marked support zone, a bounce may occur; otherwise, a deeper correction could follow.
Crypto market will also rally..
