SP500 30M — BEARISH BREAKDOWN: SELLERS TARGET 7,640

Aug 31

SP500 30M — Bearish Analysis 🔴
Current bias: Bearish. Price rejected strongly from the 7,760–7,780 supply zone after taking liquidity above the prior high.
Structure: The bullish sequence has shifted into a bearish structure, with a CHOCH followed by a structure break.
Key resistance: 7,720–7,730. This is the main pullback/sell area.
Current price: Around 7,683, so chasing the sell here carries more risk.
TP1: 7,660
TP2: 7,640
Major demand: 7,640–7,660
Invalidation: A sustained move back above 7,730 weakens the immediate bearish setup; a break/reclaim of 7,760–7,780 would invalidate the bearish idea more strongly.
Best setup: Wait for a pullback toward 7,720–7,730, then look for bearish confirmation before entering.
Overall bias: SELL 🔴 | Target: 7,660 → 7,640

Sep 1

Trade closed: target reached

TARGET REACHED — SP500
Trade closed successfully at TP.
Solid move as expected. Secure your profits and wait for the next setup. 📊”