SPX Tests Key Support as Bears Press

$S&P 500(.SPX)$ : Lower Bollinger Band + 50DMA

My note this morning regarding caution when chasing the selloff highlighted the strength of these two levels combined, not to mention the confluence of the weekly layer of $6,836 plus the CML at $6,837.

This zone remains the primary focus today. If a bullish reversal hammer forms by the end of the day, a gap-fill attempt could follow shortly.

Strong bearish conviction, the 50DMA was breached.

The chart is bearish until proven otherwise. Worth noting: a) The recent candle breached the lower Bollinger Band and the W%R is oversold, similar to previous bottoms highlighted.

Most of the move is likely in, but if we see bearish continuation tomorrow, the 100DMA is a strong support.

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{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":524137113121200,"tweetId":"524137113121200","gmtCreate":1768969705790,"gmtModify":1768969714817,"author":{"id":10000000000010920,"idStr":"10000000000010920","authorId":10000000000010920,"authorIdStr":"10000000000010920","name":"SmartReversals","avatar":"https://community-static.tradeup.com/news/079995488356aff47d9fe17aa3389ce9","vip":8,"userType":8,"introduction":".","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":1334,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/88e7d433c007d8e95c2375c0e1ac002a","width":"680","height":"445"},{"img":"https://community-static.tradeup.com/news/c1b33a644669ed2a91bb5be5dbe87d9d","width":"679","height":"443"},{"img":"https://community-static.tradeup.com/news/62e040c4d73c741662d709873cd4f330"},{"img":"https://community-static.tradeup.com/news/0c1f52f0ec3a2f13f04e1a6a1b8cfcc6"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/88e7d433c007d8e95c2375c0e1ac002a","width":"680","height":"445"},{"img":"https://community-static.tradeup.com/news/c1b33a644669ed2a91bb5be5dbe87d9d","width":"679","height":"443"},{"img":"https://community-static.tradeup.com/news/62e040c4d73c741662d709873cd4f330"}],"title":"SPX Tests Key Support as Bears Press","html":"<html><head></head><body><p> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> : Lower Bollinger Band + 50DMA</p><p>My note this morning regarding caution when chasing the selloff highlighted the strength of these two levels combined, not to mention the confluence of the weekly layer of $6,836 plus the CML at $6,837. </p><p>This zone remains the primary focus today. If a bullish reversal hammer forms by the end of the day, a gap-fill attempt could follow shortly.</p><p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/88e7d433c007d8e95c2375c0e1ac002a\" tg-width=\"680\" tg-height=\"445\"><span> </span></p><p>Strong bearish conviction, the 50DMA was breached. </p><p>The chart is bearish until proven otherwise. Worth noting: a) The recent candle breached the lower Bollinger Band and the W%R is oversold, similar to previous bottoms highlighted. </p><p>Most of the move is likely in, but if we see bearish continuation tomorrow, the 100DMA is a strong support.</p><p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/c1b33a644669ed2a91bb5be5dbe87d9d\" tg-width=\"679\" tg-height=\"443\"><span> </span></p><h2 id=\"id_2735439632\" style=\"text-align: start;\"><span class=\"color-mark\" style=\"color: rgb(230, 126, 35);\">For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.</span></h2><p><a href=\"https://ttm.financial/post/507537437684112\" title=\"🎉Cash Boost Account Now Supports 35,000+ Stocks &amp; ETFs – Greater Flexibility Now\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">🎉Cash Boost Account Now Supports 35,000+ Stocks &amp; ETFs – Greater Flexibility Now</a></p><h2 id=\"id_2434358027\" style=\"text-align: start;\"><span class=\"color-mark\" style=\"color: rgb(230, 126, 35);\">Find out more here.</span></h2><blockquote><p>Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get <strong>SGD 688 stock vouchers</strong>*! The trade can be executed using any payment type available under the Cash Boost Account:<strong> Cash, CPF, SRS, or CDP.</strong></p><p><a href=\"https://ttm.financial/link?target=https%3A%2F%2Fsg.tigermarketw.com%2Factivity2%2Fmarket%2F2025%2Fcontra-invitation%3Flang%3Den_US%26useAnimation%3Dtrue\" title=\"Click to access the activity\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">Click to access the activity</a></p><p><img src=\"https://community-static.tradeup.com/news/62e040c4d73c741662d709873cd4f330\"></p></blockquote><p style=\"text-align: start;\"><strong>Other helpful links:</strong></p><ul style=\"\"><li><p><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p></li><li><p><a href=\"https://www.itiger.com/sg/help/detail/06324754?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"How to open a CBA.\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">How to open a CBA.</a> <a href=\"https://www.itiger.com/sg/help/detail/how-to-link-CDP?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"How to link your CDP account.\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">How to link your CDP account.</a> <a href=\"https://www.itiger.com/sg/help/detail/contra-faq?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"Other FAQs on CBA.\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">Other FAQs on CBA.</a> <a href=\"https://www.itiger.com/sg/invest/cash-boost\" title=\"Cash Boost Account Website.\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">Cash Boost Account Website.</a></p></li></ul><p style=\"text-align: start;\"></p><p><img src=\"https://community-static.tradeup.com/news/0c1f52f0ec3a2f13f04e1a6a1b8cfcc6\"></p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> : Lower Bollinger Band + 50DMA</p><p>My note this morning regarding caution when chasing the selloff highlighted the strength of these two levels combined, not to mention the confluence of the weekly layer of $6,836 plus the CML at $6,837. </p><p>This zone remains the primary focus today. If a bullish reversal hammer forms by the end of the day, a gap-fill attempt could follow shortly.</p><p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/88e7d433c007d8e95c2375c0e1ac002a\" tg-width=\"680\" tg-height=\"445\"><span> </span></p><p>Strong bearish conviction, the 50DMA was breached. </p><p>The chart is bearish until proven otherwise. Worth noting: a) The recent candle breached the lower Bollinger Band and the W%R is oversold, similar to previous bottoms highlighted. </p><p>Most of the move is likely in, but if we see bearish continuation tomorrow, the 100DMA is a strong support.</p><p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/c1b33a644669ed2a91bb5be5dbe87d9d\" tg-width=\"679\" tg-height=\"443\"><span> </span></p><h2 id=\"id_2735439632\" style=\"text-align: start;\"><span class=\"color-mark\" style=\"color: rgb(230, 126, 35);\">For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.</span></h2><p><a href=\"https://ttm.financial/post/507537437684112\" title=\"🎉Cash Boost Account Now Supports 35,000+ Stocks &amp; ETFs – Greater Flexibility Now\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">🎉Cash Boost Account Now Supports 35,000+ Stocks &amp; ETFs – Greater Flexibility Now</a></p><h2 id=\"id_2434358027\" style=\"text-align: start;\"><span class=\"color-mark\" style=\"color: rgb(230, 126, 35);\">Find out more here.</span></h2><blockquote><p>Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get <strong>SGD 688 stock vouchers</strong>*! The trade can be executed using any payment type available under the Cash Boost Account:<strong> Cash, CPF, SRS, or CDP.</strong></p><p><a href=\"https://ttm.financial/link?target=https%3A%2F%2Fsg.tigermarketw.com%2Factivity2%2Fmarket%2F2025%2Fcontra-invitation%3Flang%3Den_US%26useAnimation%3Dtrue\" title=\"Click to access the activity\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">Click to access the activity</a></p><p><img src=\"https://community-static.tradeup.com/news/62e040c4d73c741662d709873cd4f330\"></p></blockquote><p style=\"text-align: start;\"><strong>Other helpful links:</strong></p><ul style=\"\"><li><p><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p></li><li><p><a href=\"https://www.itiger.com/sg/help/detail/06324754?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"How to open a CBA.\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">How to open a CBA.</a> <a href=\"https://www.itiger.com/sg/help/detail/how-to-link-CDP?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"How to link your CDP account.\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">How to link your CDP account.</a> <a href=\"https://www.itiger.com/sg/help/detail/contra-faq?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"Other FAQs on CBA.\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">Other FAQs on CBA.</a> <a href=\"https://www.itiger.com/sg/invest/cash-boost\" title=\"Cash Boost Account Website.\" target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\">Cash Boost Account Website.</a></p></li></ul><p style=\"text-align: start;\"></p><p><img src=\"https://community-static.tradeup.com/news/0c1f52f0ec3a2f13f04e1a6a1b8cfcc6\"></p></body></html>","text":"$S&P 500(.SPX)$ : Lower Bollinger Band + 50DMA My note this morning regarding caution when chasing the selloff highlighted the strength of these two levels combined, not to mention the confluence of the weekly layer of $6,836 plus the CML at $6,837. This zone remains the primary focus today. If a bullish reversal hammer forms by the end of the day, a gap-fill attempt could follow shortly. Strong bearish conviction, the 50DMA was breached. The chart is bearish until proven otherwise. Worth noting: a) The recent candle breached the lower Bollinger Band and the W%R is oversold, similar to previous bottoms highlighted. Most of the move is likely in, but if we see bearish continuation tomorrow, the 100DMA is a strong support. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. 🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now Find out more here. Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP. Click to access the activity Other helpful links: 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉 How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/524137113121200","repostId":0,"isVote":1,"tweetType":1,"viewCount":122,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[".SPX"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1189,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/524137113121200"}