Market Alert: Potential Downside Ahead!

The S&P 500 (SPX) just closed with a strong bearish candle, dropping -104 points (-1.71%), signaling a possible shift in momentum. The index is now testing a key support level near 6,000, and if this level breaks, we could see a sharper pullback.

📉 What’s Happening in the Market?

1️⃣ Rising Interest Rate Concerns – The Federal Reserve remains cautious about inflation, and recent economic data suggests they may keep rates higher for longer. This puts pressure on equities, especially high-growth stocks.

2️⃣ Earnings Season Uncertainty – Many companies are reporting mixed earnings, with some missing expectations. Weak guidance from major corporations could fuel more downside.

3️⃣ Geopolitical Tensions & Market Volatility – Ongoing global uncertainties, such as geopolitical conflicts and supply chain disruptions, are adding risk-off sentiment to the market.

4️⃣ Technical Breakdown Risks – The SPX is currently sitting near critical support at 6,000. If this level fails, we could see further selling pressure toward 5,920 - 5,880 and possibly as low as 5,773.

🔥 What to Watch Next?
✅ Can the market hold 6,000 and bounce? Or will sellers push prices lower?
✅ Watch for reactions around 6,068 - 6,100—if the index struggles here, more downside is likely.
✅ Increased volatility means risk management is key—stay cautious, and don’t chase trades!

⚠️ Bottom Line: The market is at a turning point. If downside momentum continues, we could see a bigger correction. Stay alert and manage risk accordingly!