S&P 500 at Decision Zone: Relief Rally or Continuation Lower?📄 The hourly chart is currently at a critical inflection point after a steep drop from recent highs. We’re seeing signs of a potential corrective rally forming, but the battle between bulls and bears is far from over.
🧭 Key Zones to Watch:
Fib Resistance (0.55–0.62): 5,400–5,536
Bullish Breakout Target: 5,707
Bearish Breakdown Target: 4,925
Neutral Pivot: 5,061 (current consolidation zone)
📊 If price reclaims and holds above 5,536, a continuation toward 5,707 becomes likely.
🚨 However, a rejection in the Fib zone followed by a drop below 5,061 may confirm renewed bearish momentum targeting the 4,925 region.
This setup provides clear structure for both bulls and bears. Keep an eye on volume, price action confirmation, and respect risk management.
💡 Comment your thoughts below! Are you leaning bullish or bearish here?
