S&P 500: The S&P 500 is starting to come under increasing pressure

Carol Harmer Charmer Trading

S&P 500 under pressure

Failure to break above the trend‑channel line has been the tell. Small ranges since late Nov = momentum fading. Stochastics now turning bearish, giving sellers the advantage.

High today: 6887.
Key channel cap: 6902/06 — needs a break + close above to ease downside pressure.
Profit zone: 9‑day & 50‑day M/A at 6761/6756.

Remember: it’s rarely the first break that triggers pros — that’s usually stops. It’s the second break that matters.

Not investment advice — my money, my risk.

Author

Carol Harmer

Charmer Trading

Carol Harmer has over 39 years experience of analysing and trading the world's markets and is undoubtedly one of the most respected technical trader in the world today.

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