$SPX Hammer Candle Is Signaling a Bounce
👀 $S&P 500(.SPX)$ is showing a potential bounce setup.
The hammer candle bounced directly off the 50-day moving average, which suggests buyers are stepping in at an important level.
But the setup has a clear line in the sand:
🔑 $7,656 must hold today.
More importantly…
🚀 A move above $7,690 would break the bearish diagonal trendline and give the bounce a stronger technical confirmation.
So I’m watching two levels:
$7,656 → support
$7,690 → bullish trigger
One more gap up for the books. 📈
And yes…
I expect this gap to get filled eventually. 👀
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