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.
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