No Bullish Catalyst in Sight – Why Traders Are Cautious

The S&P 500 is deep in a bearish trend, failing at key resistance and sitting just above a momentum support zone. If that breaks, expect continued downside movement.

🔻 Bearish Trend in Full Force

• Trend Condition:
  All 14 trend lines are red, showing a fully bearish environment.
  → Bullish: 0 | Bearish: 14
  This tells us institutional momentum is entirely on the downside.

• Price Action:
  The S&P 500 just had a sharp red candle day, closing at 5,580.95, down -112.37 points (-1.97%).
  That drop confirms sellers are still aggressiv…