S&P 500 Futures Consolidating Amidst Prevailing Bearish Sentiment
@TigerOptions:
In today's update, let’s continue to look at $E-mini S&P 500 - main 2309(ESmain)$ which has encountered a substantial bearish sentiment in recent sessions. As previously discussed, the market had breached the critical support level of 4496.25, indicating the potential for a prolonged bearish trend. 1 Hour Chart Current 1-Hour Chart Analysis Presently, the S&P 500 futures are consolidating within the range established during the previous trading session. For a potential bullish scenario to materialize, it would be favorable if the price successfully retests and holds above 449.23. Such a development would signify a higher low, increasing the likelihood of an eventual breakout to the upside. Conversely, if the price revisits the range of