$SPX 1H – Testing Lower Boundary of Parabolic Channel $SP:SPXS&P 500SP:SPXSaandaSPX has pulled back to the lower blue curve, the parabolic channel support that has guided price for months. Check daily and weekly charts as well. We’re now at a critical inflection zone — buyers and sellers are battling for control. @SPX Bounce Scenario: A successful defense here could trigger a short-term relief rally back toward the midline (dotted blue) — a classic mean-reversion move within the channel. Breakdown Scenario: A decisive close below this curve on strong 4H or 1D momentum would signal a channel breakdown, potentially driving price toward the 6700–6650 demand zone. This area will define whether the uptrend structure of the parabolic channel remains intact or transitions into a corrective phase.