Traders, this move$SPX is speaking loud and clear — price rolled over after failing to hold higher levels, and sellers stayed in control with a clean impulsive drop. The bounce from the lows looks corrective rather than a true reversal, showing weak buyer commitment and strong supply overhead. As long as price remains below the recent lower high zone, downside pressure is expected to continue.
Trade Setup (Short):
Entry Range: 0.5580 – 0.5620
Target 1: 0.5520
Target 2: 0.5460
Target 3: 0.5400
Stop Loss (SL): 0.5685