SPX500USD| SELL PRESSURE

The price is currently attempting to stabilize above 6040, but these efforts seem weak, as the bearish trend remains dominant. This suggests that the price is likely to decline from the current zone or, alternatively, continue an upward correction until it reaches the next resistance level. If the correction scenario plays out, we expect the price to face renewed selling pressure at resistance, leading to a decline below 6040 and potentially 5992.

For a confirmed shift to a bullish trend, the price must break above its last high zone, as this would indicate a structural change in market direction, signaling a reversal of bearish momentum.

Tendency Keys: 6040
Resistance Line: 6099, 6122, 6160
Support Line: 6040, 5992, 5936