SPX500 Rejection Confirmed – Bearish Setup Unfolding

The S&P 500 has just rejected a strong supply zone around the 5,915–6,006 region, a level that previously acted as resistance in March. Price is showing early signs of weakness as sellers defend this area aggressively.

📌 Key Technical Levels:

🔵 Supply Zone (Resistance): 5,915–6,006

🔵 Next Support #1: 5,436 – Expect reaction or bounce here

🟠 Demand Zone (Major Support): 4,908 – Confluence with volume profile and previous swing lows


🔴 Price Action Insights:

Strong bearish reaction at the upper supply zone ✔️

Double rejection around 6,000 with a drop in bullish momentum 📉

Candlestick structure forming lower highs — early reversal signals

Red arrows indicate potential path if sellers maintain control


🧠 What I'm Watching:

🔽 If we break below 5,436 with volume, the next bearish target is 4,908

🔁 If bulls reclaim and close above 6,006, the bearish thesis is invalidated


🗓️ Keep in mind upcoming U.S. news events (NFP, CPI, FOMC) – shown on the chart – could fuel volatility and impact momentum.


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💬 What’s your take? Are you shorting the SPX500 or waiting for confirmation?
📈 Drop your thoughts in the comments! Let’s trade smart.

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