S&P500
After peaking at around 7,000, it tested the 6,780 level three times but failed to break through, so even though the long-term trend line was broken, we have not yet seen a clear change in structure or a short signal. With the slight rise that has started in recent days, the question is whether it will break the downward trend and bring a new wave of growth, or whether it will bounce off it, increasing the chances of a correction. Even if the trend breaks, the further long situation is not clear, because the long-term upward trend has broken, so the correction phase should last for weeks. If the red trend line does break, then 7,031 could be the first level, or 7,188. The first support level is at 6,563, but halfway through the year's rise, the only long-term buying level is around 5,938.
Resistance levels: 7,188; 7,500.
Support levels: 6,563; 6,250; 5,937; 5,781; 5,625.
