S&P Market Update – Signs of a Short-Term Correction?S&P 500SP:SPXThe_STAAlthough the S&P remains in an uptrend, recent price action suggests that momentum may be fading. 📉 Key Observations: A Key Day Reversal occurred at 6409 – a potential warning signal. We're seeing RSI divergence: price made a new high, but RSI didn’t follow suit. The market is grinding higher, but without conviction. 📊 What to Watch: The 15-day EMA, currently at 6317, is acting as near-term support. A close below this level could trigger a short-term correction. Initial downside targets: 6147–6100, the previous highs from late 2024 and early 2025. ✅ To negate this bearish bias, the market would need to break above 6409 and continue higher with stronger momentum. Stay alert — the technicals are flashing red flags. Always manage risk accordingly. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.