The S&P 500 futures index has retraced approximately half its previous losses from a steep sell-off that began at 6148. After rejection at 5818, prices now hover precariously above critical Support at 5732.
Immediate Support Test: Failure at 5732 would trigger additional bearish pressure toward the next support levels at 5649 and 5566.
Bullish Reversal Potential: Only a decisive close above 5818 would suggest a more constructive outlook, which currently appears improbable amid elevated VIX levels.
Immediate Support Test: Failure at 5732 would trigger additional bearish pressure toward the next support levels at 5649 and 5566.
Bullish Reversal Potential: Only a decisive close above 5818 would suggest a more constructive outlook, which currently appears improbable amid elevated VIX levels.
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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.