SPX - Reversing From High

Summary: The price is currently stable in a sensitive area, with a higher likelihood of a decline. We expect the support level at 6026 to be broken, and if this occurs, a sharp decline is anticipated toward the 5954 level.

Generally, the direction is an uptrend

Uptrend Side: The price needs to rise and break the resistance at 6072 in order to reach the final resistance at 6099.

Downtrend Side: However, the chart predominantly suggests a bearish outlook. We expect that once the price reaches 6026, especially if it breaks this level, the bearish trend will resume, targeting the support levels at 5954.

Tendency Keys:6026