In the daily timeframe, we see that SP500 has been in a downtrend for a long time. In addition, SP500, which has been on the rise again in recent months, has made a symmetrical triangle. If the long-term downtrend is strong, the target will be $3600 on the downside breakout. A possible uptrend will be interpreted as breaking the downtrend and the beginning of a new uptrend in the long run. The target will be $4,170.