Strong Rebound, But No Clear Reversal Confirmation YetS&P 500SP:SPXDomicChainaHello everyone, Price action has shown a relatively decisive recovery, with consecutive higher lows forming and a successful reclaim of both EMA 34 (red) and EMA 89 (blue)—a signal that the short-term structure has shifted into a more positive phase. Notably, after breaking above these moving averages, price did not just stall in a technical rebound but continued to extend upward toward the 7,000–7,050 zone. The expansion in price range, along with improving momentum, suggests that capital is flowing back into the equity market, at least in the short term. However, it’s important to note that the 7,000–7,100 area represents a significant resistance zone—where price has previously faced multiple rejections. The rapid move into this region after a strong rally also increases the likelihood of a technical pullback, especially as the market may need a pause to absorb supply. From a macro perspective, equities are currently supported by expectations of more stable monetary policy. That said, pressure from interest rates and economic growth concerns remains relevant. Therefore, while the current rebound is constructive, it is not yet sufficient to confirm a sustainable uptrend without clearer consolidation above current levels.