From TradingView · · 30s
S&P 500 Weekly Sell Setup
Weekly chart shows S&P 500 heading toward major correction.
In brief
Weekly chart shows S&P 500 heading toward major correction. S&P 500 weekly chart indicates potential drop to 7,500 after rejecting upper trend resistance. Originally reported by TradingView.
Weekly Chart Weakness
The weekly chart shows signs of weakness after price rejected the upper region of the rising trend structure.
Potential Drop Zone
A confirmed breakdown could open the door toward 7,500, followed by the 7,300, 7,200 zone.
Trend Status
The broader uptrend is not confirmed broken yet, requiring sustained recovery above recent resistance.
In short
S&P 500 weekly chart indicates potential drop to 7,500 after rejecting upper trend resistance.
