Check Bear-flag thesis from :
SPX is showing short-term weakness as price presses directly against the lower rail of the 1H rising channel. The dotted midline was lost earlier in the week, and repeated rejections there have kept the index operating in the weaker half of the structure. Candle flow has formed a clear sequence of lower highs, and prior micro-support around 6840–6860 is no longer being defended. EMA/VWAP clusters are stacked overhead, adding downward pressure. The broader channel remains intact, but short-term structure continues to lean bearish unless buyers can reclaim midline strength.
Upside invalidation is clean: bulls must break above 6,885–6,900 with strength and reclaim the ATH zone from inside, not just touch it.
Until that happens, rallies into channel mid or top = short opportunities.
Bearish Bias | Watch 6,840 | Bear Flag Until Proven Otherwise
#SPX #S&P500
SPX SPX SPX #SP500 #BearFlag
SPX is showing short-term weakness as price presses directly against the lower rail of the 1H rising channel. The dotted midline was lost earlier in the week, and repeated rejections there have kept the index operating in the weaker half of the structure. Candle flow has formed a clear sequence of lower highs, and prior micro-support around 6840–6860 is no longer being defended. EMA/VWAP clusters are stacked overhead, adding downward pressure. The broader channel remains intact, but short-term structure continues to lean bearish unless buyers can reclaim midline strength.
Upside invalidation is clean: bulls must break above 6,885–6,900 with strength and reclaim the ATH zone from inside, not just touch it.
Until that happens, rallies into channel mid or top = short opportunities.
Bearish Bias | Watch 6,840 | Bear Flag Until Proven Otherwise
#SPX #S&P500
SPX SPX SPX #SP500 #BearFlag
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.