$S&P 500(.SPX)$ The bearish setup we flagged on Wednesday is now playing out.
The ending diagonal has been confirmed, strengthening the case that October’s high could hold for weeks, not just days.
🎯 Downside targets:
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7,600 — First target
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7,500 — Next downside level
Bulls had their chance to defend the structure, but the breakdown has shifted the near-term outlook.
⚠️ Watch how price reacts at 7,600. Until the market shows a convincing reversal, the risk of further downside remains.
The top may be in. Now the levels matter. 📊
Markets are always moving - and sometimes, the best move is knowing what works for you.
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