🖼Picture in 🇺🇸#S&P500 - D1 chart:
➖Trend channel from May 23, 2025 📈upward. Prices are in its lower half. On trend support. There is plenty of space for 📈growth. For 📉decline — little, but only if the 📈upward channel is not broken.
➖An active 📉downward price model with a base target of 6550-6650 points. Three previous such models did not lead to reaching the base target. The market 📈returned to the area of 6950-7000 points. Now everything is more complicated.
➖Upon reaching 6990 📉the downward model will be broken. Again.
➖To increase the likelihood of 📉decline to 6550-6650 a close below 6820 is needed.
➖The daily indicator of statistical overheating is in the neutral zone.
📢Personal opinion: it is too risky for investors to buy. For speculative decisions, the market needs to make the next move. Either 📈break the downward model at 6990. Or 📉close below 6820.
➖Trend channel from May 23, 2025 📈upward. Prices are in its lower half. On trend support. There is plenty of space for 📈growth. For 📉decline — little, but only if the 📈upward channel is not broken.
➖An active 📉downward price model with a base target of 6550-6650 points. Three previous such models did not lead to reaching the base target. The market 📈returned to the area of 6950-7000 points. Now everything is more complicated.
➖Upon reaching 6990 📉the downward model will be broken. Again.
➖To increase the likelihood of 📉decline to 6550-6650 a close below 6820 is needed.
➖The daily indicator of statistical overheating is in the neutral zone.
📢Personal opinion: it is too risky for investors to buy. For speculative decisions, the market needs to make the next move. Either 📈break the downward model at 6990. Or 📉close below 6820.