SPX500 Softens as Tech Valuation Concerns Rise Before EarningsUS SPX 500OANDA:SPX500USDSroshMayiSPX500 | Overview U.S. futures slipped lower as traders shifted into risk-off mode, driven by renewed concerns over stretched AI and tech valuations ahead of Nvidia’s earnings, set to be released after the market close tomorrow. Sentiment remains cautious, and price action continues to respect the current bearish structure. Technically: SPX500 maintains a bearish momentum while trading below 6670, with downside targets at 6635 and 6610. A break below 6610 would extend losses toward 6578. A bullish recovery will only be possible if the price closes a 1H or 4H candle above 6670, which would open the path for a move toward 6706 and potentially 6722–6754. Key Levels Pivot Line: 6670 Support: 6635 · 6610 · 6578 Resistance: 6706 · 6722 · 6754 Outlook: SPX500 remains bearish below 6670, targeting 6635–6610. A confirmed 1H/4H close above 6670 would shift momentum toward 6706–6722, signaling the first sign of a bullish reversal.