# S&P 500 Technical View
Canonical: https://social-archive.org/arc/4FpqCUvgZa
Original URL: https://www.reddit.com/r/StockMarket/comments/1s31sok/comment/ocdddwd/
Author: Illustrious_Lie_954
Platform: reddit
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## Content
We’re clearly seeing a shift from an uptrend into a short-term downtrend. Structure: Lower highs + lower lows forming since late Feb bearish structure confirmed Resistance: 6800–6900 zone (previous supply area where price kept rejecting) Support: 6500 is being tested right now; below that next key zone is 6400 Momentum: Recent candles show strong selling pressure (multiple red candles breakdown move) Any bounce so far looks like a relief rally, not a reversal Trend Insight: The earlier rally (Dec–Feb) has lost momentum Price rejected near all-time highs (7000) classic distribution zone What I’m watching: If 6500 breaks cleanly continuation towards 6400 If price holds 6500 and reclaims 6700+possible short-term bounce Need a higher low break above 6800 to even think about trend reversal Bias (short-term): Bearish / cautious Market context: Geopolitics macro uncertainty = volatility stays high TL;DR: Trend flipped bearish. 6500 is key support. Break = more downside, hold = temporary bounce. Read more
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