S&P 500: Consolidation and Bearish Momentum Below Key Levels

S&P 500 Technical Analysis

The price dropped on Friday and stabilized within bearish momentum. In general, as long as it trades below 6,022, the bearish trend is likely to continue toward 5,936, with the potential to reach 5,863 if the downward momentum persists.

The S&P 500 is currently consolidating between 5,993 and 5,936 until a breakout occurs.

Key Levels:
Pivot Point: 5993
Resistance Levels: 6022, 6053, 6099
Support Levels: 5936, 5919, 5863

Trend Outlook:
Consolidation between 5993 and 5936
Bearish Trend while below 6022