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.
