SPX/ DECLINE

Generally, the direction is uptrend

Uptrend Side: We are currently experiencing a strong bearish trend, with the price trading below the 5794 level. It is possible that the price may correct upward toward this level. However, if the price manages to break through the 5794 level, it is likely to continue rising further, potentially reaching the 5872 level.

Downtrend Side: The bearish trend has taken control of the market direction, with the price trading below the 5794 level. This movement supports further decline, potentially driving the price down to 5750. If the price breaks below this level, it is likely to drop further toward 5684.

Tendency Keys: 5794
Chart PatternsHarmonic PatternsTrend Analysis

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