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$SPX
Consolidated under the previous ATH of 7,002.28 points for 10 good weeks, and tried to flip the zone, but no breakthrough. Currently, the S&P500 is down by 6% and is now approaching the 50EMA and support region of 6,508.23 points. We lose that level, then the yellow zone is next, which is in the region of 6,147 points. Currently, if we close bearish, then this will be the 4th consecutive red candle for the S&P500, and this is not looking good. The geopolitical tension is escalating, and the US market is also paying the price.
#NFA