The Trust Layer for Market Analysts

The S&P 500 has shown three consecutive days of lower highs and lower lows, indicating a potential shift in momentum. Historically, such patterns, especially after reaching an all-time high or a significant peak, suggest a stalling of buying pressure. Analyzing past instances from late 2023 and early 2024, similar three-day downturns preceded either a period of consolidation or a more pronounced sell-off. The current price is observed around 7360. A target of 7500 is anticipated if the bullish momentum can be sustained despite the recent signs of weakness. However, a break below 7200 would likely invalidate the bullish outlook, signaling a potential deeper correction or trend reversal.