The S&P 500 has just rejected a strong supply zone around the 5,915–6,006 region, a level that previously acted as resistance in March. Price is showing early signs of weakness as sellers defend this area aggressively.
📌 Key Technical Levels:
🔵 Supply Zone (Resistance): 5,915–6,006
🔵 Next Support #1: 5,436 – Expect reaction or bounce here
🟠 Demand Zone (Major Support): 4,908 – Confluence with volume profile and previous swing lows
🔴 Price Action Insights:
Strong bearish reaction at the upper supply zone ✔️
Double rejection around 6,000 with a drop in bullish momentum 📉
Candlestick structure forming lower highs — early reversal signals
Red arrows indicate potential path if sellers maintain control
🧠 What I'm Watching:
🔽 If we break below 5,436 with volume, the next bearish target is 4,908
🔁 If bulls reclaim and close above 6,006, the bearish thesis is invalidated
🗓️ Keep in mind upcoming U.S. news events (NFP, CPI, FOMC) – shown on the chart – could fuel volatility and impact momentum.
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💬 What’s your take? Are you shorting the SPX500 or waiting for confirmation?
📈 Drop your thoughts in the comments! Let’s trade smart.
#SPX500 #S&P500 #SupplyAndDemand #PriceAction #SmartMoney #TechnicalAnalysis #BearishSetup #TradingView #SP500Analysis #StockMarket
📌 Key Technical Levels:
🔵 Supply Zone (Resistance): 5,915–6,006
🔵 Next Support #1: 5,436 – Expect reaction or bounce here
🟠 Demand Zone (Major Support): 4,908 – Confluence with volume profile and previous swing lows
🔴 Price Action Insights:
Strong bearish reaction at the upper supply zone ✔️
Double rejection around 6,000 with a drop in bullish momentum 📉
Candlestick structure forming lower highs — early reversal signals
Red arrows indicate potential path if sellers maintain control
🧠 What I'm Watching:
🔽 If we break below 5,436 with volume, the next bearish target is 4,908
🔁 If bulls reclaim and close above 6,006, the bearish thesis is invalidated
🗓️ Keep in mind upcoming U.S. news events (NFP, CPI, FOMC) – shown on the chart – could fuel volatility and impact momentum.
---
💬 What’s your take? Are you shorting the SPX500 or waiting for confirmation?
📈 Drop your thoughts in the comments! Let’s trade smart.
#SPX500 #S&P500 #SupplyAndDemand #PriceAction #SmartMoney #TechnicalAnalysis #BearishSetup #TradingView #SP500Analysis #StockMarket
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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.