AceGoh
07-26
$S&P 500(.SPX)$  

• Market Status: Defensive day with strong risk-off sentiment.

• Trend Analysis: The market is showing a defensive trend with minimal retracement, indicating a potential trend day with bearish control.

• Prediction: Given the defensive sentiment and the positioning of moving averages, the market may test the lower support levels around 5,400. A break below this could lead to further declines.

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