S&P 500 Index Shows Bearish DivergenceS&P 500SP:SPXTeerasak_TanavarakulAlert #49 S&P 500 Index Shows Bearish Divergence Since June, the price action has formed a negative signal. While the S&P 500 has moved up to make a new high, several key technical indicators have failed to confirm this new peak. This bearish divergence increases the risk of a significant correction. Key Technical Levels and Outlook Key Support to Watch: The critical support level is 6450. Sell Signal: A technical sell signal will be triggered if the index drops and trades below its 50-day SMA. Correction Timeline: Such a move could lead to a sustained correction that might last until early December. Potential Bottom: We anticipate the bottom of this current downtrend cycle to occur around December 8th.